J.P. Morgan Private Wealth Advisors LLC Has $1.48 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

J.P. Morgan Private Wealth Advisors LLC lifted its holdings in The Kraft Heinz Company (NASDAQ:KHCFree Report) by 55.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,116 shares of the company’s stock after purchasing an additional 15,677 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Kraft Heinz were worth $1,484,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Ancora Advisors LLC raised its holdings in Kraft Heinz by 69.9% in the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock valued at $26,000 after acquiring an additional 272 shares in the last quarter. Riverview Trust Co acquired a new position in Kraft Heinz in the 3rd quarter valued at approximately $27,000. OFI Invest Asset Management acquired a new position in Kraft Heinz in the 3rd quarter valued at approximately $26,000. Sanctuary Wealth Management L.L.C. acquired a new position in Kraft Heinz in the 4th quarter valued at approximately $35,000. Finally, Salem Investment Counselors Inc. raised its holdings in Kraft Heinz by 69.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 907 shares of the company’s stock valued at $37,000 after acquiring an additional 373 shares in the last quarter. 75.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, CAO Lande Rashida La sold 13,238 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $35.00, for a total value of $463,330.00. Following the transaction, the chief accounting officer now directly owns 153,494 shares in the company, valued at approximately $5,372,290. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Kraft Heinz news, Director Miguel Patricio sold 131,500 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $38.02, for a total value of $4,999,630.00. Following the transaction, the director now directly owns 992,049 shares in the company, valued at approximately $37,717,702.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lande Rashida La sold 13,238 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $35.00, for a total value of $463,330.00. Following the completion of the transaction, the chief accounting officer now owns 153,494 shares in the company, valued at $5,372,290. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz Stock Down 1.4 %

NASDAQ KHC opened at $35.97 on Monday. The firm has a market cap of $44.12 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 2.51 and a beta of 0.65. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $41.47. The stock’s 50 day simple moving average is $37.03 and its 200 day simple moving average is $34.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.00 and a quick ratio of 0.52.

Analyst Upgrades and Downgrades

KHC has been the subject of several recent research reports. Evercore ISI raised Kraft Heinz from an “in-line” rating to an “outperform” rating and upped their price target for the company from $40.00 to $42.00 in a report on Monday, December 11th. Morgan Stanley dropped their target price on Kraft Heinz from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. Piper Sandler increased their target price on Kraft Heinz from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Citigroup began coverage on Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 target price for the company. Finally, Sanford C. Bernstein raised Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.60.

View Our Latest Analysis on Kraft Heinz

Kraft Heinz Profile

(Free Report)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

Further Reading

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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