Mather Group LLC. Sells 813 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Mather Group LLC. lowered its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 11.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,251 shares of the company’s stock after selling 813 shares during the period. Mather Group LLC.’s holdings in Kraft Heinz were worth $192,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MADDEN SECURITIES Corp increased its stake in shares of Kraft Heinz by 2.4% in the third quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company’s stock valued at $448,000 after buying an additional 303 shares during the period. Axiom Advisory LLC grew its holdings in Kraft Heinz by 5.2% during the 3rd quarter. Axiom Advisory LLC now owns 6,594 shares of the company’s stock worth $227,000 after acquiring an additional 327 shares during the last quarter. Trust Co. of Vermont increased its position in Kraft Heinz by 3.6% in the 3rd quarter. Trust Co. of Vermont now owns 10,388 shares of the company’s stock valued at $365,000 after acquiring an additional 358 shares during the period. Winch Advisory Services LLC raised its stake in shares of Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock valued at $70,000 after acquiring an additional 380 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its holdings in shares of Kraft Heinz by 4.2% during the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after purchasing an additional 381 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Up 1.4 %

KHC opened at $29.01 on Friday. The firm has a market capitalization of $35.08 billion, a PE ratio of 26.14, a P/E/G ratio of 3.82 and a beta of 0.47. 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 Kraft Heinz Company has a fifty-two week low of $28.31 and a fifty-two week high of $38.96. The company’s 50-day moving average is $30.22 and its 200 day moving average is $32.93.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KHC shares. UBS Group decreased their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Citigroup lowered their price objective on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Piper Sandler reiterated a “neutral” rating and issued a $35.00 target price (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Stifel Nicolaus lowered their price target on shares of Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, TD Cowen reduced their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Kraft Heinz presently has an average rating of “Hold” and an average target price of $34.07.

About Kraft Heinz

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.