Sentry Investment Management LLC lowered its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 70.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,486 shares of the company’s stock after selling 15,442 shares during the period. Sentry Investment Management LLC’s holdings in Kraft Heinz were worth $504,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wilbanks Smith & Thomas Asset Management LLC grew its stake in Kraft Heinz by 42.9% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 10,916 shares of the company’s stock valued at $849,000 after acquiring an additional 3,275 shares during the period. NuWave Investment Management LLC acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $1,223,000. Wealthstreet Investment Advisors LLC acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $2,828,000. Meyer Handelman Co. grew its stake in Kraft Heinz by 0.6% in the fourth quarter. Meyer Handelman Co. now owns 124,501 shares of the company’s stock valued at $9,681,000 after acquiring an additional 750 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in Kraft Heinz by 22.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 37,203 shares of the company’s stock valued at $2,894,000 after acquiring an additional 6,900 shares during the period. 61.93% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on KHC shares. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. BMO Capital Markets dropped their target price on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a report on Thursday, November 2nd. Morgan Stanley set a $88.00 target price on Kraft Heinz and gave the company a “buy” rating in a report on Wednesday. BidaskClub upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, Susquehanna Bancshares set a $80.00 target price on Kraft Heinz and gave the company a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kraft Heinz has an average rating of “Buy” and a consensus target price of $92.27.
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Kraft Heinz Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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