Kraft Heinz Co (KHC) Shares Sold by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System decreased its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,100 shares of the company’s stock after selling 1,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Kraft Heinz were worth $2,807,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its position in Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after acquiring an additional 172 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Kraft Heinz by 287.9% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after acquiring an additional 950 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Kraft Heinz during the 2nd quarter worth $121,000. Blue Chip Partners Inc. lifted its position in Kraft Heinz by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after acquiring an additional 8 shares during the last quarter. Finally, GWM Advisors LLC acquired a new position in shares of Kraft Heinz during the second quarter valued at about $137,000. 62.01% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price objective on shares of Kraft Heinz in a research report on Thursday, September 21st. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Piper Jaffray Companies raised shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $92.00 to $90.00 in a research report on Friday, October 6th. Finally, Morgan Stanley cut their price objective on shares of Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $92.49.
Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.83. The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. equities analysts expect that Kraft Heinz Co will post 3.61 EPS for the current year.
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Kraft Heinz 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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