Gamco Investors INC. ET AL Cuts Stake in Kraft Heinz Co (KHC)

Gamco Investors INC. ET AL decreased its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 569,395 shares of the company’s stock after selling 7,807 shares during the period. Gamco Investors INC. ET AL’s holdings in Kraft Heinz were worth $24,507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. North Star Investment Management Corp. raised its holdings in Kraft Heinz by 0.4% in the fourth quarter. North Star Investment Management Corp. now owns 60,799 shares of the company’s stock worth $2,617,000 after buying an additional 237 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in Kraft Heinz by 4.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,511 shares of the company’s stock worth $237,000 after buying an additional 239 shares during the last quarter. OLD Second National Bank of Aurora raised its holdings in Kraft Heinz by 7.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 3,577 shares of the company’s stock worth $154,000 after buying an additional 250 shares during the last quarter. Gradient Investments LLC raised its holdings in Kraft Heinz by 54.2% in the fourth quarter. Gradient Investments LLC now owns 717 shares of the company’s stock worth $31,000 after buying an additional 252 shares during the last quarter. Finally, SignalPoint Asset Management LLC raised its holdings in Kraft Heinz by 4.9% in the fourth quarter. SignalPoint Asset Management LLC now owns 5,619 shares of the company’s stock worth $241,000 after buying an additional 263 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

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KHC opened at $47.76 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.57. Kraft Heinz Co has a twelve month low of $41.60 and a twelve month high of $78.34. The company has a market cap of $58.24 billion, a PE ratio of 13.38, a P/E/G ratio of 2.33 and a beta of 0.72.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.03). Kraft Heinz had a net margin of 39.56% and a return on equity of 6.62%. The company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, research analysts predict that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.

Several brokerages have issued reports on KHC. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Piper Jaffray Companies set a $62.00 target price on shares of Kraft Heinz and gave the stock a “buy” rating in a report on Friday, November 2nd. ValuEngine raised shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Thursday, December 13th. Morgan Stanley set a $49.00 price objective on shares of Kraft Heinz and gave the company a “sell” rating in a report on Wednesday, November 7th. Finally, Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Six research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $66.62.

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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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