Strategic Wealth Investment Group LLC Sells 6,245 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Strategic Wealth Investment Group LLC reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 27.3% in the fourth quarter, HoldingsChannel reports. The firm owned 16,635 shares of the company’s stock after selling 6,245 shares during the period. Strategic Wealth Investment Group LLC’s holdings in Kraft Heinz were worth $511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sawyer & Company Inc purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at $25,000. Fortitude Family Office LLC increased its position in Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after buying an additional 529 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Kraft Heinz in the third quarter valued at about $27,000. DiNuzzo Private Wealth Inc. grew its stake in shares of Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after acquiring an additional 797 shares during the last quarter. Finally, Bangor Savings Bank acquired a new position in shares of Kraft Heinz during the third quarter valued at about $32,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Activity

In related news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the sale, the executive vice president now owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. Barclays cut their target price on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus dropped their price target on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. UBS Group reduced their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company dropped their target price on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $34.43.

Kraft Heinz Stock Up 2.1 %

KHC stock opened at $30.27 on Friday. The firm’s fifty day moving average is $30.47 and its 200 day moving average is $33.07. The firm has a market cap of $36.60 billion, a PE ratio of 27.27, a P/E/G ratio of 3.80 and a beta of 0.48. The Kraft Heinz Company has a one year low of $28.37 and a one year high of $38.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. Kraft Heinz’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. On average, research analysts forecast that The Kraft Heinz Company will post 3 EPS for the current year.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.