Dupree Financial Group LLC Grows Position in The Kraft Heinz Company (NASDAQ:KHC)

Dupree Financial Group LLC raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 235,051 shares of the company’s stock after purchasing an additional 3,085 shares during the period. Kraft Heinz comprises 3.3% of Dupree Financial Group LLC’s portfolio, making the stock its 11th largest holding. Dupree Financial Group LLC’s holdings in Kraft Heinz were worth $7,218,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of KHC. Fortitude Family Office LLC boosted its position in shares of Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Kraft Heinz in the third quarter worth about $27,000. Sawyer & Company Inc purchased a new stake in shares of Kraft Heinz during the fourth quarter worth about $25,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after acquiring an additional 797 shares in the last quarter. Finally, Bangor Savings Bank acquired a new stake in Kraft Heinz in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of research analyst reports. UBS Group dropped their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. cut their price objective on Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Mizuho dropped their price objective on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Kraft Heinz has a consensus rating of “Hold” and a consensus target price of $34.07.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $29.28 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The firm’s fifty day moving average price is $30.41 and its 200 day moving average price is $33.03. The company has a market capitalization of $35.40 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 3.82 and a beta of 0.47. The Kraft Heinz Company has a 12-month low of $28.37 and a 12-month high of $38.96.

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.