Farmers & Merchants Trust Co of Chambersburg PA Sells 944 Shares of Kraft Heinz Co (NASDAQ:KHC)

Farmers & Merchants Trust Co of Chambersburg PA reduced its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,865 shares of the company’s stock after selling 944 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Kraft Heinz were worth $648,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of Kraft Heinz by 12.7% during the fourth quarter. Geode Capital Management LLC now owns 8,516,204 shares of the company’s stock worth $366,004,000 after purchasing an additional 957,359 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of Kraft Heinz during the fourth quarter worth approximately $254,000. Two Sigma Advisers LP acquired a new position in shares of Kraft Heinz during the fourth quarter worth approximately $237,000. Thrivent Financial for Lutherans lifted its position in shares of Kraft Heinz by 7.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 27,498 shares of the company’s stock worth $1,184,000 after purchasing an additional 1,848 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of Kraft Heinz by 0.8% during the fourth quarter. Macquarie Group Ltd. now owns 102,764 shares of the company’s stock worth $4,423,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 58.03% of the company’s stock.

NASDAQ:KHC traded down $0.26 during trading hours on Tuesday, hitting $31.50. The stock had a trading volume of 138,917 shares, compared to its average volume of 5,752,209. Kraft Heinz Co has a one year low of $26.96 and a one year high of $64.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.21. The stock has a market cap of $38.49 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 3.11 and a beta of 0.76. The firm has a 50 day moving average price of $30.94.

A number of brokerages have recently issued reports on KHC. Credit Suisse Group reiterated a “buy” rating on shares of STMicroelectronics in a research report on Tuesday, July 2nd. Piper Jaffray Companies set a $360.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a report on Friday, May 31st. BidaskClub lowered shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Evercore ISI started coverage on shares of Mondelez International in a report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price objective on the stock. Finally, UBS Group restated a “buy” rating and issued a $25.00 price objective on shares of Infineon Technologies in a report on Tuesday, May 7th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $41.22.

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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