Kraft Heinz Co (KHC) Shares Sold by TNB Financial

TNB Financial trimmed its stake in Kraft Heinz Co (NASDAQ:KHC) by 12.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,504 shares of the company’s stock after selling 1,565 shares during the period. TNB Financial’s holdings in Kraft Heinz were worth $895,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its stake in Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after buying an additional 172 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in Kraft Heinz during the 2nd quarter worth approximately $121,000. Cerebellum GP LLC purchased a new stake in Kraft Heinz during the 4th quarter worth approximately $124,000. GWM Advisors LLC purchased a new stake in Kraft Heinz during the 2nd quarter worth approximately $137,000. Finally, Rockefeller Financial Services Inc. increased its stake in Kraft Heinz by 438.4% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 1,793 shares of the company’s stock worth $139,000 after buying an additional 1,460 shares during the period. 61.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kraft Heinz Co (NASDAQ:KHC) opened at $73.60 on Wednesday. Kraft Heinz Co has a 52-week low of $72.05 and a 52-week high of $97.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The company has a market cap of $90,483.44, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 2.00 and a beta of 0.43.

KHC has been the topic of several recent research reports. UBS Group reaffirmed a “buy” rating and set a $89.00 target price (down from $97.00) on shares of Kraft Heinz in a research note on Friday, October 13th. Zacks Investment Research downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BMO Capital Markets cut their target price on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd. BidaskClub raised shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, Jefferies Group initiated coverage on shares of Kraft Heinz in a research note on Friday, January 19th. They set a “buy” rating and a $95.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Kraft Heinz has a consensus rating of “Buy” and an average target price of $92.27.

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About Kraft Heinz

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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