Money Concepts Capital Corp Trims Stake in The Kraft Heinz Company (NASDAQ:KHC)

Money Concepts Capital Corp lowered its position in The Kraft Heinz Company (NASDAQ:KHC) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,542 shares of the company’s stock after selling 1,008 shares during the quarter. Money Concepts Capital Corp’s holdings in Kraft Heinz were worth $262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB grew its holdings in shares of Kraft Heinz by 143.4% in the third quarter. AMF Tjanstepension AB now owns 245,522 shares of the company’s stock worth $8,620,000 after purchasing an additional 144,646 shares during the last quarter. Czech National Bank grew its holdings in shares of Kraft Heinz by 19.5% in the third quarter. Czech National Bank now owns 179,800 shares of the company’s stock worth $6,313,000 after purchasing an additional 29,392 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Kraft Heinz by 15.9% in the third quarter. GAMMA Investing LLC now owns 12,413 shares of the company’s stock worth $436,000 after purchasing an additional 1,699 shares during the last quarter. Diversified Trust Co grew its holdings in Kraft Heinz by 51.0% during the 3rd quarter. Diversified Trust Co now owns 14,401 shares of the company’s stock worth $506,000 after acquiring an additional 4,865 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in Kraft Heinz by 84.6% during the 3rd quarter. Mather Group LLC. now owns 7,064 shares of the company’s stock worth $248,000 after acquiring an additional 3,238 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. TD Cowen dropped their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Evercore ISI reiterated an “in-line” rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. The Goldman Sachs Group dropped their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a report on Thursday, October 31st. Mizuho dropped their target price on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $34.07.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $29.01 on Friday. The firm has a market capitalization of $35.08 billion, a P/E ratio of 26.14, a PEG ratio of 3.82 and a beta of 0.47. 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 $30.22 and a 200 day moving average price of $32.93. The Kraft Heinz Company has a 52 week low of $28.31 and a 52 week high of $38.96.

Kraft Heinz Profile

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.