The Private Wealth Advisors Inc. Has $498,000 Position in The Kraft Heinz Company (KHC)

The Private Wealth Advisors Inc. Has $498,000 Position in The Kraft Heinz Company (KHC)

Private Wealth Advisors Inc. increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,568 shares of the company’s stock after buying an additional 275 shares during the period. Private Wealth Advisors Inc.’s holdings in The Kraft Heinz Company were worth $498,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Capital World Investors increased its position in shares of The Kraft Heinz Company by 15.7% in the second quarter. Capital World Investors now owns 35,434,850 shares of the company’s stock valued at $3,135,276,000 after buying an additional 4,805,207 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of The Kraft Heinz Company by 1.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 15,339,909 shares of the company’s stock valued at $1,373,075,000 after buying an additional 250,352 shares during the period. Northern Trust Corp increased its position in shares of The Kraft Heinz Company by 1.8% in the third quarter. Northern Trust Corp now owns 7,385,568 shares of the company’s stock valued at $661,081,000 after buying an additional 133,982 shares during the period. BlackRock Fund Advisors increased its position in shares of The Kraft Heinz Company by 7.2% in the third quarter. BlackRock Fund Advisors now owns 6,998,811 shares of the company’s stock valued at $626,464,000 after buying an additional 469,161 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of The Kraft Heinz Company by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 6,727,962 shares of the company’s stock valued at $595,290,000 after buying an additional 24,782 shares during the period. 60.69% of the stock is owned by hedge funds and other institutional investors.

Shares of The Kraft Heinz Company (NASDAQ:KHC) traded up 0.49% on Wednesday, reaching $88.35. The company’s stock had a trading volume of 2,881,765 shares. The Kraft Heinz Company has a 1-year low of $70.01 and a 1-year high of $90.54. The company has a 50 day moving average of $85.42 and a 200 day moving average of $87.01. The stock has a market capitalization of $107.55 billion, a P/E ratio of 38.89 and a beta of 0.42.

The Kraft Heinz Company (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The Kraft Heinz Company had a return on equity of 6.40% and a net margin of 10.44%. The firm earned $6.27 billion during the quarter, compared to analyst estimates of $4.70 billion. During the same quarter last year, the firm earned $0.44 EPS. The Kraft Heinz Company’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts expect that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.

Several brokerages recently weighed in on KHC. Vetr upgraded shares of The Kraft Heinz Company from a “sell” rating to a “hold” rating and set a $83.62 price target on the stock in a report on Tuesday, January 10th. Argus increased their price target on shares of The Kraft Heinz Company from $91.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, September 28th. Sanford C. Bernstein reiterated a “top pick” rating and issued a $109.00 price target on shares of The Kraft Heinz Company in a report on Friday, January 6th. RBC Capital Markets reiterated an “outperform” rating and issued a $99.00 price target (up previously from $96.00) on shares of The Kraft Heinz Company in a report on Monday, November 7th. Finally, Susquehanna raised their price objective on shares of The Kraft Heinz Company from $114.00 to $118.00 and gave the stock a “positive” rating in a research note on Monday, October 31st. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $98.59.

About The Kraft Heinz Company

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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