Newbridge Financial Services Group Inc. Buys Shares of 6,420 The Kraft Heinz Company (NASDAQ:KHC)

Newbridge Financial Services Group Inc. purchased a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,420 shares of the company’s stock, valued at approximately $197,000.

A number of other hedge funds have also recently modified their holdings of the business. Fortitude Family Office LLC grew 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 purchasing an additional 529 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Kraft Heinz during the 3rd quarter valued at approximately $27,000. Sawyer & Company Inc purchased a new stake in Kraft Heinz in the 4th quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. raised its stake in Kraft Heinz by 1,077.0% during the 3rd 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, Capital Performance Advisors LLP purchased a new position in Kraft Heinz during the third quarter valued at approximately $33,000. Institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

KHC has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Barclays cut their price target on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. TD Cowen dropped their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Citigroup decreased their target price on 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, Mizuho dropped their price target on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $34.07.

Kraft Heinz Price Performance

KHC stock opened at $29.30 on Monday. The company has a fifty day simple moving average of $30.11 and a two-hundred day simple moving average of $32.88. The Kraft Heinz Company has a 52 week low of $28.31 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 firm has a market capitalization of $35.43 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 3.74 and a beta of 0.47.

Kraft Heinz Company 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.