Auxier Asset Management Continues to Hold Stake in The Kraft Heinz Company (KHC)

Auxier Asset Management continued to hold its stake in The Kraft Heinz Company (NASDAQ:KHC) during the third quarter, Holdings Channel reports. The fund owned 13,130 shares of the company’s stock at the end of the third quarter. Auxier Asset Management’s holdings in The Kraft Heinz Company were worth $1,175,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. BP PLC boosted its position in The Kraft Heinz Company by 13.8% in the second quarter. BP PLC now owns 74,000 shares of the company’s stock worth $6,546,000 after buying an additional 9,000 shares in the last quarter. HM Capital Management LLC boosted its position in The Kraft Heinz Company by 3.4% in the second quarter. HM Capital Management LLC now owns 10,693 shares of the company’s stock worth $948,000 after buying an additional 351 shares in the last quarter. Enterprise Financial Services Corp boosted its position in The Kraft Heinz Company by 8.5% in the second quarter. Enterprise Financial Services Corp now owns 1,280 shares of the company’s stock worth $113,000 after buying an additional 100 shares in the last quarter. Greatmark Investment Partners Inc. boosted its position in The Kraft Heinz Company by 5.1% in the second quarter. Greatmark Investment Partners Inc. now owns 5,193 shares of the company’s stock worth $459,000 after buying an additional 250 shares in the last quarter. Finally, WestEnd Advisors LLC bought a new position in The Kraft Heinz Company during the second quarter worth $97,332,000. 61.47% of the stock is owned by hedge funds and other institutional investors.

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

The Kraft Heinz Company (NASDAQ:KHC) opened at 90.58 on Tuesday. The Kraft Heinz Company has a one year low of $71.02 and a one year high of $90.60. The firm has a market capitalization of $110.26 billion, a price-to-earnings ratio of 39.87 and a beta of 0.42. The stock’s 50 day moving average price is $88.21 and its 200-day moving average price is $87.11.

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Several equities analysts have recently commented on KHC shares. Susquehanna Bancshares Inc increased their target price on The Kraft Heinz Company from $114.00 to $118.00 and gave the company a “positive” rating in a research note on Monday, October 31st. Deutsche Bank AG reiterated a “buy” rating on shares of The Kraft Heinz Company in a research note on Monday, October 31st. RBC Capital Markets reiterated an “outperform” rating and set a $96.00 target price on shares of The Kraft Heinz Company in a research note on Tuesday, November 1st. Vetr upgraded The Kraft Heinz Company from a “hold” rating to a “buy” rating in a research note on Saturday, October 22nd. Finally, Zacks Investment Research upgraded The Kraft Heinz Company from a “sell” rating to a “hold” rating in a research note on Friday, January 20th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $98.59.

The Kraft Heinz Company Company Profile

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

5 Day Chart for NASDAQ:KHC

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kraft Heinz Company (NASDAQ:KHC).

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