The Kraft Heinz Company (NASDAQ:KHC) is Econ Financial Services Corp’s 10th Largest Position

Econ Financial Services Corp lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 111.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,813 shares of the company’s stock after purchasing an additional 64,670 shares during the period. Kraft Heinz accounts for approximately 2.2% of Econ Financial Services Corp’s holdings, making the stock its 10th largest position. Econ Financial Services Corp’s holdings in Kraft Heinz were worth $3,772,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Sawyer & Company Inc bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $25,000. Fortitude Family Office LLC raised its holdings in Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after acquiring an additional 529 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Kraft Heinz in the third quarter valued at about $27,000. DiNuzzo Private Wealth Inc. boosted its stake in shares of Kraft Heinz by 1,077.0% in 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 period. Finally, Bangor Savings Bank purchased a new stake in shares of Kraft Heinz during the third quarter worth about $32,000. 78.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Evercore ISI restated an “in-line” rating and set a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. UBS Group reduced their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Citigroup decreased their price target on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.07.

Kraft Heinz Trading Down 2.0 %

NASDAQ KHC opened at $28.70 on Wednesday. The firm has a market cap of $34.70 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 3.82 and a beta of 0.47. The Kraft Heinz Company has a 52 week low of $28.37 and a 52 week high of $38.96. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average price of $30.29 and a 200 day moving average price of $32.97.

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.