Balasa Dinverno & Foltz LLC Lowers Position in Kraft Heinz Company (KHC)

Balasa Dinverno & Foltz LLC Lowers Position in Kraft Heinz Company (KHC)

Balasa Dinverno & Foltz LLC decreased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,354 shares of the company’s stock after selling 54 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in The Kraft Heinz Company were worth $211,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KHC. Bollard Group LLC increased its position in shares of The Kraft Heinz Company by 815.4% in the third quarter. Bollard Group LLC now owns 1,126 shares of the company’s stock worth $101,000 after buying an additional 1,003 shares during the last quarter. Cornerstone Advisors Inc. increased its position in shares of The Kraft Heinz Company by 129.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,223 shares of the company’s stock worth $109,000 after buying an additional 689 shares during the last quarter. Enterprise Financial Services Corp increased its position in shares of The Kraft Heinz Company by 8.5% in the second quarter. Enterprise Financial Services Corp now owns 1,280 shares of the company’s stock worth $113,000 after buying an additional 100 shares during the last quarter. CWM LLC increased its position in shares of The Kraft Heinz Company by 21.9% in the third quarter. CWM LLC now owns 1,367 shares of the company’s stock worth $122,000 after buying an additional 246 shares during the last quarter. Finally, Blue Chip Partners Inc. bought a new position in shares of The Kraft Heinz Company during the second quarter worth approximately $128,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at 89.43 on Friday. The stock’s 50 day moving average price is $87.03 and its 200 day moving average price is $87.02. The stock has a market capitalization of $108.86 billion, a P/E ratio of 39.36 and a beta of 0.42. The Kraft Heinz Company has a one year low of $70.01 and a one year high of $90.54.

The Kraft Heinz Company (NASDAQ:KHC) last posted its earnings results on Thursday, November 3rd. The company reported $0.83 EPS for the quarter, beating the 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 had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current year.

KHC has been the subject of a number of recent research reports. Sanford C. Bernstein restated a “top pick” rating and set a $109.00 price objective on shares of The Kraft Heinz Company in a research note on Friday, January 6th. J P Morgan Chase & Co restated a “focus list” rating on shares of The Kraft Heinz Company in a research note on Tuesday, October 4th. Vetr raised The Kraft Heinz Company from a “buy” rating to a “strong-buy” rating and set a $98.22 price target for the company in a research note on Thursday, October 6th. Susquehanna increased their price target on 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. Finally, Deutsche Bank AG reissued a “buy” rating on shares of The Kraft Heinz Company in a research note on Monday, October 31st. Three equities research 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 company. The Kraft Heinz Company presently has a consensus rating of “Buy” and an average price target 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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