First Command Bank Has $82,000 Position in Kraft Heinz Co (NASDAQ:KHC)

First Command Bank lowered its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 30.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,934 shares of the company’s stock after selling 1,267 shares during the period. First Command Bank’s holdings in Kraft Heinz were worth $82,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Kraft Heinz by 1.3% in the second quarter. Vanguard Group Inc. now owns 48,427,138 shares of the company’s stock valued at $1,503,178,000 after buying an additional 630,178 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Kraft Heinz by 5.1% in the second quarter. BlackRock Inc. now owns 38,743,271 shares of the company’s stock valued at $1,202,590,000 after buying an additional 1,884,480 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Kraft Heinz by 2.7% in the second quarter. Invesco Ltd. now owns 20,084,226 shares of the company’s stock valued at $623,415,000 after buying an additional 527,530 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Kraft Heinz by 4.5% in the second quarter. Northern Trust Corp now owns 7,780,206 shares of the company’s stock valued at $241,497,000 after buying an additional 336,299 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Kraft Heinz by 4.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,816,404 shares of the company’s stock valued at $87,422,000 after buying an additional 121,706 shares during the last quarter. 56.47% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on KHC shares. Morgan Stanley cut their price target on Kraft Heinz from $32.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday, September 3rd. Piper Jaffray Companies set a $26.00 price objective on Kraft Heinz and gave the stock a “hold” rating in a report on Wednesday, September 4th. ValuEngine raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Bank of America set a $32.00 price objective on Kraft Heinz and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, BMO Capital Markets dropped their price objective on Kraft Heinz from $40.00 to $33.00 and set a “market perform” rating for the company in a report on Monday, August 12th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.05.

In other Kraft Heinz news, Director Damme Alexandre Van purchased 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average price of $28.45 per share, for a total transaction of $7,112,500.00. Following the purchase, the director now owns 8,168 shares in the company, valued at $232,379.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jorge P. Lemann purchased 3,496,503 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average price of $28.60 per share, for a total transaction of $99,999,985.80. Following the purchase, the director now owns 3,516,449 shares in the company, valued at approximately $100,570,441.40. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

NASDAQ KHC opened at $27.44 on Thursday. The stock has a market capitalization of $33.33 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 2.29 and a beta of 0.77. The stock’s 50 day moving average price is $27.33 and its two-hundred day moving average price is $29.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.78 and a current ratio of 1.18. Kraft Heinz Co has a 52 week low of $24.86 and a 52 week high of $58.08.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, August 8th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The firm had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.07 billion. Kraft Heinz had a positive return on equity of 6.06% and a negative net margin of 43.40%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 EPS. On average, equities research analysts forecast that Kraft Heinz Co will post 2.65 EPS for the current year.

Kraft Heinz 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.

Further Reading: What are some reasons analysts would give stocks a buy rating?

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

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