Kraft Heinz Co (KHC) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lessened its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,157 shares of the company’s stock after selling 916 shares during the quarter. Sigma Planning Corp’s holdings in Kraft Heinz were worth $308,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in KHC. FMR LLC boosted its position in Kraft Heinz by 34.4% during the second quarter. FMR LLC now owns 8,254,817 shares of the company’s stock worth $518,567,000 after acquiring an additional 2,111,198 shares during the last quarter. City Holding Co. boosted its position in Kraft Heinz by 29.1% during the third quarter. City Holding Co. now owns 19,575 shares of the company’s stock worth $1,079,000 after acquiring an additional 4,415 shares during the last quarter. Hamlin Capital Management LLC acquired a new position in Kraft Heinz during the third quarter worth about $36,196,000. First Hawaiian Bank acquired a new position in Kraft Heinz during the third quarter worth about $562,000. Finally, DORCHESTER WEALTH MANAGEMENT Co boosted its position in Kraft Heinz by 43.2% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 7,844 shares of the company’s stock worth $432,000 after acquiring an additional 2,367 shares during the last quarter. 63.31% of the stock is currently owned by institutional investors.

Shares of KHC stock opened at $47.46 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. Kraft Heinz Co has a 12 month low of $41.60 and a 12 month high of $72.78. The stock has a market cap of $57.87 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 2.32 and a beta of 0.72.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. BidaskClub lowered shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Thursday. ValuEngine upgraded shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Friday, October 19th. Berenberg Bank set a $60.00 price target on shares of Kraft Heinz and gave the stock a “buy” rating in a research report on Tuesday, January 22nd. Finally, Guggenheim began coverage on shares of Kraft Heinz in a research report on Tuesday, January 22nd. They set a “neutral” rating on the stock. Six research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $64.43.

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Kraft Heinz Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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