Choreo LLC Has $1.93 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Choreo LLC raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 31.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,353 shares of the company’s stock after purchasing an additional 15,000 shares during the period. Choreo LLC’s holdings in Kraft Heinz were worth $1,933,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. MADDEN SECURITIES Corp raised its position in Kraft Heinz by 2.4% during the third quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company’s stock valued at $448,000 after purchasing an additional 303 shares in the last quarter. Trust Co. of Vermont increased its holdings in shares of Kraft Heinz by 3.6% during the third quarter. Trust Co. of Vermont now owns 10,388 shares of the company’s stock worth $365,000 after buying an additional 358 shares in the last quarter. Winch Advisory Services LLC increased its holdings in shares of Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after buying an additional 380 shares in the last quarter. Pinnacle Financial Partners Inc increased its holdings in shares of Kraft Heinz by 4.2% during the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after buying an additional 381 shares in the last quarter. Finally, Smith Thornton Advisors LLC increased its holdings in shares of Kraft Heinz by 2.1% during the third quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock worth $727,000 after buying an additional 435 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

Shares of KHC opened at $29.30 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $35.43 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 3.82 and a beta of 0.47. The firm’s fifty day simple moving average is $30.17 and its two-hundred day simple moving average is $32.91. The Kraft Heinz Company has a 12 month low of $28.31 and a 12 month high of $38.96.

Analyst Ratings Changes

KHC has been the subject of several research analyst reports. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Barclays lowered their price target on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Piper Sandler reiterated a “neutral” rating and set a $35.00 price target (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Mizuho lowered their price target on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Jefferies Financial Group decreased their price objective on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.07.

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.