Lavaca Capital LLC Has $352,000 Stake in Kraft Heinz Co (NASDAQ:KHC)

Lavaca Capital LLC grew its position in Kraft Heinz Co (NASDAQ:KHC) by 157.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,793 shares of the company’s stock after purchasing an additional 6,600 shares during the quarter. Lavaca Capital LLC’s holdings in Kraft Heinz were worth $352,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in KHC. Creative Financial Designs Inc. ADV increased its stake in Kraft Heinz by 114.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 634 shares of the company’s stock valued at $27,000 after purchasing an additional 339 shares during the period. Highwater Wealth Management LLC acquired a new position in Kraft Heinz in the fourth quarter valued at $28,000. Veritas Investment Management LLP acquired a new position in Kraft Heinz in the fourth quarter valued at $28,000. Gradient Investments LLC increased its stake in Kraft Heinz by 54.2% in the fourth quarter. Gradient Investments LLC now owns 717 shares of the company’s stock valued at $31,000 after purchasing an additional 252 shares during the period. Finally, We Are One Seven LLC acquired a new position in Kraft Heinz in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 62.31% of the company’s stock.

KHC has been the topic of a number of recent research reports. Barclays lowered shares of Kraft Heinz from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 22nd. Deutsche Bank lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price objective for the company from $58.00 to $52.00 in a research note on Tuesday, February 5th. Piper Jaffray Companies lowered shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $35.00 to $31.00 in a research note on Wednesday, April 24th. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Credit Suisse Group set a $33.00 target price on shares of Kraft Heinz and gave the company an “underperform” rating in a report on Friday, February 22nd. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. Kraft Heinz has an average rating of “Hold” and a consensus price target of $42.41.

KHC stock traded up $0.40 during trading on Friday, reaching $32.58. 6,899,074 shares of the company were exchanged, compared to its average volume of 10,995,926. The company has a market cap of $39.56 billion, a P/E ratio of 9.23, a P/E/G ratio of 2.63 and a beta of 0.58. Kraft Heinz Co has a 52-week low of $31.53 and a 52-week high of $64.99. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.10). The company had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. On average, equities research analysts expect that Kraft Heinz Co will post 2.81 earnings per share for the current year.

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Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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

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