Choreo LLC Sells 10,442 Shares of Kraft Heinz Company (NASDAQ:KHC)

Choreo LLC lowered its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,911 shares of the company's stock after selling 10,442 shares during the period. Choreo LLC's holdings in Kraft Heinz were worth $1,610,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in Kraft Heinz during the 4th quarter valued at approximately $2,048,000. Versant Capital Management Inc boosted its position in Kraft Heinz by 493.4% during the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock valued at $376,000 after acquiring an additional 10,272 shares in the last quarter. D.A. Davidson & CO. boosted its position in Kraft Heinz by 7.8% during the 1st quarter. D.A. Davidson & CO. now owns 90,252 shares of the company's stock valued at $2,746,000 after acquiring an additional 6,551 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Kraft Heinz by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company's stock valued at $248,665,000 after acquiring an additional 103,548 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Kraft Heinz by 58.3% during the 1st quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company's stock valued at $671,000 after acquiring an additional 8,144 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the transaction, the director owned 40,000 shares of the company's stock, valued at $1,116,400. This represents a 38.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KHC. Sanford C. Bernstein cut Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $34.00 to $31.00 in a research report on Tuesday, April 22nd. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research report on Friday, May 9th. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, Citigroup reissued a "sell" rating and issued a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Three investment analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $30.29.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC traded down $0.31 during midday trading on Monday, hitting $28.38. The company had a trading volume of 2,597,121 shares, compared to its average volume of 12,363,387. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81. The company has a market cap of $33.58 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 3.36 and a beta of 0.25. Kraft Heinz Company has a 12-month low of $25.44 and a 12-month high of $36.53. The company has a fifty day moving average of $26.77 and a two-hundred day moving average of $28.55.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The company had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. Kraft Heinz's quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.