Milestone Asset Management LLC Purchases New Position in The Kraft Heinz Company (NASDAQ:KHC)

Milestone Asset Management LLC acquired a new position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,703 shares of the company's stock, valued at approximately $1,004,000.

Several other large investors have also bought and sold shares of the business. Public Sector Pension Investment Board lifted its stake in shares of Kraft Heinz by 47.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 14,551 shares of the company's stock valued at $469,000 after acquiring an additional 4,714 shares during the last quarter. Creative Planning raised its position in Kraft Heinz by 79.0% in the second quarter. Creative Planning now owns 209,567 shares of the company's stock valued at $6,752,000 after purchasing an additional 92,495 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Kraft Heinz by 11.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 70,401 shares of the company's stock valued at $2,268,000 after purchasing an additional 7,010 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Kraft Heinz by 14.3% during the second quarter. NewEdge Advisors LLC now owns 51,630 shares of the company's stock worth $1,664,000 after purchasing an additional 6,469 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Kraft Heinz in the second quarter valued at approximately $76,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on KHC shares. UBS Group lowered their target price on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $35.00 to $32.00 and set a "hold" rating on the stock in a report on Friday, January 24th. The Goldman Sachs Group cut their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a "sell" rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company cut their price target on Kraft Heinz from $35.00 to $31.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $35.00 target price (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. 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 company's stock. According to data from MarketBeat, Kraft Heinz presently has an average rating of "Hold" and a consensus target price of $34.43.

Kraft Heinz Trading Up 1.8 %

Shares of NASDAQ KHC traded up $0.55 during midday trading on Thursday, reaching $30.21. The company had a trading volume of 5,645,422 shares, compared to its average volume of 8,864,849. 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 Kraft Heinz Company has a one year low of $28.37 and a one year high of $38.96. The stock has a market cap of $36.52 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 3.45 and a beta of 0.48. The firm's fifty day moving average price is $30.47 and its 200-day moving average price is $33.07.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping 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%. The business's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS. On average, equities research analysts anticipate that The Kraft Heinz Company will post 3 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the firm's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.32% of the company's stock.

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.