Stonegate Investment Group LLC Has $867,000 Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Stonegate Investment Group LLC grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,232 shares of the company’s stock after buying an additional 1,730 shares during the period. Stonegate Investment Group LLC’s holdings in Kraft Heinz were worth $867,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of KHC. Hotchkis & Wiley Capital Management LLC acquired a new stake in Kraft Heinz in the third quarter valued at approximately $411,304,000. State Street Corp grew its position in Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after purchasing an additional 6,366,732 shares during the period. Geode Capital Management LLC increased its stake in Kraft Heinz by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after purchasing an additional 1,944,019 shares in the last quarter. Nordea Investment Management AB raised its holdings in Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after buying an additional 1,238,200 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Kraft Heinz by 1,139.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company’s stock valued at $39,112,000 after buying an additional 1,170,814 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays dropped their target price on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group decreased their price target on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a report on Thursday, October 31st. Mizuho dropped their price objective on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Kraft Heinz has an average rating of “Hold” and an average target price of $34.77.

Insiders Place Their Bets

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the completion of the transaction, the executive vice president now owns 168,195 shares in the company, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.32% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $29.59 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The company has a market capitalization of $35.78 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 3.45 and a beta of 0.48. The Kraft Heinz Company has a 52-week low of $28.37 and a 52-week high of $38.96. The company has a 50-day simple moving average of $30.51 and a 200 day simple moving average of $33.11.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The company had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. During the same quarter last year, the business posted $0.72 EPS. Kraft Heinz’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts predict that The Kraft Heinz Company will post 3 EPS for the current year.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.