Peoples Financial Services CORP. Increases Holdings in Kraft Heinz Co (NASDAQ:KHC)

Peoples Financial Services CORP. boosted its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 86.8% during the third quarter, Holdings Channel reports. The firm owned 10,758 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Peoples Financial Services CORP.’s holdings in Kraft Heinz were worth $300,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. AGF Investments America Inc. boosted its position in shares of Kraft Heinz by 1.8% in the 2nd quarter. AGF Investments America Inc. now owns 19,364 shares of the company’s stock worth $601,000 after purchasing an additional 350 shares in the last quarter. Investment Management of Virginia LLC boosted its position in shares of Kraft Heinz by 5.3% in the 2nd quarter. Investment Management of Virginia LLC now owns 7,006 shares of the company’s stock worth $217,000 after purchasing an additional 350 shares in the last quarter. Close Asset Management Ltd boosted its position in shares of Kraft Heinz by 6.4% in the 2nd quarter. Close Asset Management Ltd now owns 6,003 shares of the company’s stock worth $186,000 after purchasing an additional 360 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Kraft Heinz by 51.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,107 shares of the company’s stock worth $35,000 after purchasing an additional 375 shares in the last quarter. Finally, Royal Bank of Scotland Group PLC lifted its position in Kraft Heinz by 6.2% in the 2nd quarter. Royal Bank of Scotland Group PLC now owns 6,643 shares of the company’s stock valued at $206,000 after acquiring an additional 387 shares in the last quarter. Institutional investors own 56.47% of the company’s stock.

Shares of NASDAQ KHC traded down $0.05 during midday trading on Wednesday, hitting $27.44. 231,422 shares of the stock traded hands, compared to its average volume of 7,237,426. The firm has a 50-day moving average of $27.29 and a two-hundred day moving average of $29.93. The firm has a market capitalization of $33.04 billion, a P/E ratio of 7.77, a PEG ratio of 2.27 and a beta of 0.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.78 and a current ratio of 1.18. Kraft Heinz Co has a one year low of $24.86 and a one year high of $58.08.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. The firm had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.07 billion. Kraft Heinz had a positive return on equity of 6.06% and a negative net margin of 43.40%. The company’s revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. Equities analysts forecast that Kraft Heinz Co will post 2.65 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on KHC shares. BMO Capital Markets lowered their price objective on Kraft Heinz from $40.00 to $33.00 and set a “market perform” rating on the stock in a research report on Monday, August 12th. Piper Jaffray Companies set a $26.00 price objective on Kraft Heinz and gave the company a “hold” rating in a research report on Wednesday, September 4th. BidaskClub raised Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Morgan Stanley lowered their price objective on Kraft Heinz from $32.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 3rd. Finally, Credit Suisse Group set a $26.00 price objective on Kraft Heinz and gave the company a “sell” rating in a research report on Friday, August 9th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have given a buy rating to the stock. Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $36.05.

In related news, Director Jorge P. Lemann acquired 3,496,503 shares of Kraft Heinz stock in a transaction dated Monday, September 16th. The stock was purchased at an average cost of $28.60 per share, for a total transaction of $99,999,985.80. Following the purchase, the director now directly owns 3,516,449 shares of the company’s stock, valued at approximately $100,570,441.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Damme Alexandre Van acquired 250,000 shares of Kraft Heinz stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $28.45 per share, with a total value of $7,112,500.00. Following the completion of the purchase, the director now directly owns 8,168 shares in the company, valued at $232,379.60. The disclosure for this purchase can be found here. 0.29% of the stock is owned by corporate insiders.

Kraft Heinz Company Profile

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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