Carroll Financial Associates Inc. Has $307,000 Stake in Kraft Heinz Co (KHC)

Carroll Financial Associates Inc. cut its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,950 shares of the company’s stock after selling 799 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Kraft Heinz were worth $307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Kraft Heinz by 1.2% during the second quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock valued at $3,651,416,000 after purchasing an additional 487,241 shares during the last quarter. BlackRock Inc. lifted its position in Kraft Heinz by 1.7% during the second quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock valued at $2,835,974,000 after purchasing an additional 562,183 shares during the last quarter. FMR LLC lifted its position in Kraft Heinz by 30.0% during the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after purchasing an additional 2,659,846 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in Kraft Heinz by 0.6% during the second quarter. TIAA CREF Investment Management LLC now owns 5,648,397 shares of the company’s stock valued at $483,729,000 after purchasing an additional 33,503 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Kraft Heinz by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,022,817 shares of the company’s stock valued at $234,426,000 after purchasing an additional 17,465 shares during the last quarter. Institutional investors and hedge funds own 62.01% of the company’s stock.

Kraft Heinz Co (KHC) opened at $79.66 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. Kraft Heinz Co has a one year low of $75.21 and a one year high of $97.77. The company has a market cap of $97,050.00 and a price-to-earnings ratio of 24.82.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. analysts anticipate that Kraft Heinz Co will post 3.61 EPS for the current year.

Several research firms have commented on KHC. Jefferies Group began coverage on shares of Kraft Heinz in a research note on Friday. They set a “buy” rating and a $95.00 price target on the stock. Morgan Stanley decreased their price target on shares of Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Finally, Citigroup decreased their price target on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Kraft Heinz currently has a consensus rating of “Buy” and a consensus price target of $92.65.

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

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