Kraft Heinz Co (KHC) Holdings Boosted by Meyer Handelman Co.

Meyer Handelman Co. grew its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,500 shares of the company’s stock after buying an additional 965 shares during the period. Meyer Handelman Co.’s holdings in Kraft Heinz were worth $6,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of Kraft Heinz by 114.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 634 shares of the company’s stock valued at $27,000 after purchasing an additional 339 shares in the last quarter. Highwater Wealth Management LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $28,000. Veritas Investment Management LLP bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $28,000. Gradient Investments LLC lifted its holdings in shares of Kraft Heinz by 54.2% during the 4th quarter. Gradient Investments LLC now owns 717 shares of the company’s stock valued at $31,000 after purchasing an additional 252 shares in the last quarter. Finally, We Are One Seven LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 63.31% of the company’s stock.

KHC has been the topic of a number of recent research reports. Piper Jaffray Companies set a $62.00 target price on Kraft Heinz and gave the company a “buy” rating in a research report on Friday, November 2nd. ValuEngine raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 13th. Morgan Stanley set a $49.00 target price on Kraft Heinz and gave the company a “sell” rating in a research report on Wednesday, November 7th. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Finally, Berenberg Bank set a $60.00 target price on Kraft Heinz and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.43.



Shares of NASDAQ:KHC traded down $0.03 during trading on Monday, hitting $47.43. 641,147 shares of the company were exchanged, compared to its average volume of 6,069,161. The firm has a market capitalization of $57.87 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 2.32 and a beta of 0.72. Kraft Heinz Co has a fifty-two week low of $41.60 and a fifty-two week high of $72.78. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 0.47.

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About Kraft Heinz

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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