The Waldron LP Maintains Stake in The Kraft Heinz Company (KHC)

The Waldron LP Maintains Stake in The Kraft Heinz Company (KHC)

Waldron LP maintained its position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,271 shares of the company’s stock at the end of the third quarter. Waldron LP’s holdings in The Kraft Heinz Company were worth $382,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. American International Group Inc. boosted its position in The Kraft Heinz Company by 1.4% in the third quarter. American International Group Inc. now owns 324,208 shares of the company’s stock valued at $29,020,000 after buying an additional 4,559 shares during the period. Suntrust Banks Inc. boosted its stake in shares of The Kraft Heinz Company by 67.0% in the third quarter. Suntrust Banks Inc. now owns 626,052 shares of the company’s stock valued at $56,037,000 after buying an additional 251,139 shares during the last quarter. WestEnd Advisors LLC purchased a new stake in shares of The Kraft Heinz Company during the second quarter valued at $97,332,000. BB&T Corp boosted its stake in shares of The Kraft Heinz Company by 3.3% in the second quarter. BB&T Corp now owns 179,104 shares of the company’s stock valued at $15,848,000 after buying an additional 5,659 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of The Kraft Heinz Company by 28.5% in the second quarter. SG Americas Securities LLC now owns 177,614 shares of the company’s stock valued at $15,715,000 after buying an additional 39,342 shares during the last quarter. 60.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Kraft Heinz Company (NASDAQ:KHC) traded up 0.49% during mid-day trading on Wednesday, reaching $88.35. The company’s stock had a trading volume of 2,881,765 shares. The firm has a market cap of $107.55 billion, a P/E ratio of 38.89 and a beta of 0.42. The firm’s 50-day moving average price is $85.42 and its 200 day moving average price is $87.01. The Kraft Heinz Company has a 12-month low of $70.01 and a 12-month high of $90.54.

The Kraft Heinz Company (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate 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 company earned $6.27 billion during the quarter, compared to analysts’ expectations of $4.70 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. On average, analysts expect that The Kraft Heinz Company will post $3.24 EPS for the current year.

KHC has been the topic of several recent research reports. RBC Capital Markets reaffirmed an “outperform” rating and issued a $96.00 price target on shares of The Kraft Heinz Company in a research note on Tuesday, November 1st. Vetr raised The Kraft Heinz Company from a “buy” rating to a “strong-buy” rating and set a $98.22 target price on the stock in a report on Thursday, October 6th. J P Morgan Chase & Co reaffirmed a “focus list” rating on shares of The Kraft Heinz Company in a report on Tuesday, October 4th. Zacks Investment Research downgraded The Kraft Heinz Company from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of The Kraft Heinz Company in a report on Friday, November 4th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. The Kraft Heinz Company has an average rating of “Buy” and an average target price of $98.59.

The Kraft Heinz Company Company 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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