Cetera Advisor Networks LLC Has $2.65 Million Holdings in Kraft Heinz Co (KHC)

Cetera Advisor Networks LLC raised its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 84.3% during the 1st quarter, HoldingsChannel reports. The firm owned 80,992 shares of the company’s stock after purchasing an additional 37,041 shares during the period. Cetera Advisor Networks LLC’s holdings in Kraft Heinz were worth $2,648,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its holdings in Kraft Heinz by 114.9% during 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 in the last quarter. Highwater Wealth Management LLC purchased a new position in Kraft Heinz during the fourth quarter valued at approximately $28,000. Veritas Investment Management LLP purchased a new position in Kraft Heinz during the fourth quarter valued at approximately $28,000. Gradient Investments LLC lifted its holdings in Kraft Heinz by 54.2% during 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 in the last quarter. Finally, G&S Capital LLC purchased a new position in Kraft Heinz during the first quarter valued at approximately $36,000. 62.00% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on KHC shares. BidaskClub downgraded shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Thursday, April 25th. Deutsche Bank downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and lowered their target price for the stock from $58.00 to $52.00 in a report on Tuesday, February 5th. JPMorgan Chase & Co. downgraded shares of Kraft Heinz from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $52.00 to $37.00 in a report on Friday, February 22nd. Argus downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and set a $34.35 target price on the stock. in a report on Tuesday, February 26th. Finally, UBS Group downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $39.00 in a report on Friday, February 22nd. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $42.17.

Shares of KHC opened at $32.27 on Wednesday. Kraft Heinz Co has a fifty-two week low of $31.53 and a fifty-two week high of $64.99. The firm has a market capitalization of $38.99 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 2.52 and a beta of 0.58. 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 announced its quarterly earnings results on Thursday, February 21st. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.10). Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm posted $0.90 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts anticipate that Kraft Heinz Co will post 2.82 EPS 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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