BB&T Securities LLC Increases Position in Kraft Heinz Co (KHC)

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BB&T Securities LLC boosted its stake in Kraft Heinz Co (NASDAQ:KHC) by 1.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 278,125 shares of the company’s stock after buying an additional 3,882 shares during the period. BB&T Securities LLC’s holdings in Kraft Heinz were worth $11,970,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Kraft Heinz by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after purchasing an additional 1,123,288 shares during the period. Vanguard Group Inc boosted its holdings in Kraft Heinz by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after purchasing an additional 1,123,288 shares during the period. BlackRock Inc. boosted its holdings in Kraft Heinz by 2.8% in the 3rd quarter. BlackRock Inc. now owns 36,036,271 shares of the company’s stock valued at $1,985,959,000 after purchasing an additional 997,088 shares during the period. Morgan Stanley boosted its holdings in Kraft Heinz by 3.9% in the 3rd quarter. Morgan Stanley now owns 12,113,755 shares of the company’s stock valued at $667,589,000 after purchasing an additional 451,572 shares during the period. Finally, FMR LLC boosted its holdings in Kraft Heinz by 5.3% in the 3rd quarter. FMR LLC now owns 8,693,659 shares of the company’s stock valued at $479,108,000 after purchasing an additional 438,842 shares during the period. Institutional investors and hedge funds own 62.49% of the company’s stock.

Shares of Kraft Heinz stock opened at $47.46 on Friday. Kraft Heinz Co has a 1-year low of $41.60 and a 1-year high of $72.78. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 0.47. The company has a market cap of $57.59 billion, a PE ratio of 13.37, a PEG ratio of 2.31 and a beta of 0.72.

KHC has been the subject of a number of recent research reports. ValuEngine raised shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Friday, October 19th. Piper Jaffray Companies set a $62.00 price objective on shares of Kraft Heinz and gave the company a “buy” rating in a report on Friday, November 2nd. UBS Group set a $65.00 price objective on shares of Kraft Heinz and gave the company a “buy” rating in a report on Friday, November 2nd. Susquehanna Bancshares reissued a “negative” rating and issued a $47.00 price objective (down previously from $59.00) on shares of Kraft Heinz in a report on Friday, November 2nd. Finally, Royal Bank of Canada cut their price objective on shares of Kraft Heinz to $68.00 and set an “outperform” rating for the company in a report on Friday, November 2nd. Six analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $64.43.

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About Kraft Heinz

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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