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.
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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