Kentucky Trust Co Buys New Position in The Kraft Heinz Company (NASDAQ:KHC)

Kentucky Trust Co bought a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,667 shares of the company’s stock, valued at approximately $1,126,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in Kraft Heinz by 11.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock worth $186,350,000 after acquiring an additional 545,504 shares in the last quarter. Banque Cantonale Vaudoise boosted its holdings in Kraft Heinz by 52.5% in the third quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock worth $5,988,000 after acquiring an additional 58,665 shares in the last quarter. Brookstone Capital Management boosted its holdings in Kraft Heinz by 229.8% in the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock worth $10,530,000 after acquiring an additional 238,913 shares in the last quarter. Easterly Investment Partners LLC raised its stake in shares of Kraft Heinz by 39.4% in the third quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock worth $5,529,000 after purchasing an additional 44,485 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Kraft Heinz by 12.6% in the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock worth $17,132,000 after purchasing an additional 54,656 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the subject of several analyst reports. The Goldman Sachs Group lowered their price objective on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company lowered their price objective on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. UBS Group lowered their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Citigroup lowered their price objective on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Barclays lowered their price objective on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and a consensus price target of $33.36.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $29.58 on Wednesday. The firm has a market capitalization of $35.77 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 3.74 and a beta of 0.47. The Kraft Heinz Company has a 52-week low of $28.31 and a 52-week high of $38.96. The stock has a fifty day moving average of $30.06 and a 200 day moving average of $32.85. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06.

About Kraft Heinz

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.