Carroll Financial Associates Inc. grew its position in Kraft Heinz Co (NASDAQ:KHC) by 8.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,670 shares of the company’s stock after acquiring an additional 364 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Kraft Heinz were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its holdings in 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 acquiring an additional 339 shares during the period. Highwater Wealth Management LLC purchased a new position in Kraft Heinz during the 4th quarter valued at $28,000. Veritas Investment Management LLP purchased a new position in Kraft Heinz during the 4th quarter valued at $28,000. Gradient Investments LLC boosted its holdings in 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 acquiring an additional 252 shares during the period. Finally, We Are One Seven LLC purchased a new position in Kraft Heinz during the 4th quarter valued at $38,000. 62.45% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Credit Suisse Group restated an “underperform” rating on shares of Kraft Heinz in a report on Friday, March 8th. Piper Jaffray Companies restated a “neutral” rating and set a $35.00 price objective on shares of Kraft Heinz in a report on Monday, March 4th. Barclays cut Kraft Heinz from an “overweight” rating to an “equal weight” rating in a report on Friday, February 22nd. Finally, Wolfe Research cut Kraft Heinz from a “peer perform” rating to an “underperform” rating and set a $27.00 price objective for the company. in a report on Friday, March 29th. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $42.64.

Shares of KHC stock opened at $32.96 on Monday. Kraft Heinz Co has a twelve month low of $31.53 and a twelve month high of $64.99. The firm has a market capitalization of $40.19 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 2.60 and a beta of 0.58. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.86.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Thursday, February 21st. The company reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.10). Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. The firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. Kraft Heinz’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities analysts forecast that Kraft Heinz Co will post 2.82 EPS for the current year.

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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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