Leo Wealth LLC Trims Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Leo Wealth LLC lowered its position in The Kraft Heinz Company (NASDAQ:KHC) by 64.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,575 shares of the company’s stock after selling 34,199 shares during the quarter. Leo Wealth LLC’s holdings in Kraft Heinz were worth $595,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. MADDEN SECURITIES Corp lifted its position in shares of Kraft Heinz by 2.4% in the 3rd quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company’s stock worth $448,000 after purchasing an additional 303 shares during the period. Trust Co. of Vermont lifted its holdings in 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 during the period. Winch Advisory Services LLC boosted its position in Kraft Heinz by 20.1% during the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock valued at $70,000 after acquiring an additional 380 shares in the last quarter. Pinnacle Financial Partners Inc increased its holdings in shares of Kraft Heinz by 4.2% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock valued at $336,000 after acquiring an additional 381 shares during the period. Finally, Smith Thornton Advisors LLC lifted its stake in shares of Kraft Heinz by 2.1% during the 3rd quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock worth $727,000 after purchasing an additional 435 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 1.0 %

Shares of NASDAQ:KHC opened at $29.30 on Friday. The business has a 50-day moving average price of $30.17 and a 200-day moving average price of $32.91. The stock has a market cap of $35.43 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 3.82 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 company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KHC. Evercore ISI reiterated an “in-line” rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Barclays reduced their price objective on shares of 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. UBS Group lowered their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus reduced their price target on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, Piper Sandler reissued a “neutral” rating and issued a $35.00 price objective (down previously from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and an average target price of $34.07.

Kraft Heinz 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.