The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 273,000 shares of the company's stock after selling 11,800 shares during the quarter. Forsta AP Fonden's holdings in Kraft Heinz were worth $8,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz in the 4th quarter valued at $25,000. Fortitude Family Office LLC grew 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 worth $26,000 after purchasing an additional 529 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz in the third quarter valued at $27,000. DiNuzzo Private Wealth Inc. boosted 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 buying an additional 797 shares during the period. Finally, Bangor Savings Bank purchased a new position in shares of Kraft Heinz during the third quarter worth about $32,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent research reports. Jefferies Financial Group decreased their price objective on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday. Citigroup lowered their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Evercore ISI restated an "in-line" rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and dropped their price target for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. Finally, Stifel Nicolaus dropped their target price on Kraft Heinz from $35.00 to $32.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $34.43.

Kraft Heinz Stock Up 2.1 %

Shares of NASDAQ KHC opened at $30.27 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The firm's 50-day moving average is $30.47 and its two-hundred day moving average is $33.07. The Kraft Heinz Company has a 12-month low of $28.37 and a 12-month high of $38.96. The company has a market capitalization of $36.60 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 3.45 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The firm had revenue of $6.38 billion for the quarter, compared to analysts' expectations of $6.42 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. Kraft Heinz's quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts anticipate that The Kraft Heinz Company will post 3 EPS for the current fiscal year.

Insider Buying and Selling

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz 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 completion of the sale, the executive vice president now directly owns 168,195 shares of the company's stock, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is currently owned by company insiders.

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.

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