Ridgewood Investments LLC trimmed its stake in Kraft Heinz Co (NASDAQ:KHC) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,949 shares of the company’s stock after selling 671 shares during the period. Ridgewood Investments LLC’s holdings in Kraft Heinz were worth $464,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Xact Kapitalforvaltning AB boosted its holdings in shares of Kraft Heinz by 5.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 118,398 shares of the company’s stock valued at $3,675,000 after purchasing an additional 6,302 shares during the last quarter. Exane Derivatives lifted its holdings in shares of Kraft Heinz by 21.0% in the 2nd quarter. Exane Derivatives now owns 38,084 shares of the company’s stock valued at $1,182,000 after acquiring an additional 6,615 shares during the last quarter. Peoples Financial Services CORP. lifted its holdings in shares of Kraft Heinz by 9.5% in the 2nd quarter. Peoples Financial Services CORP. now owns 5,758 shares of the company’s stock valued at $178,000 after acquiring an additional 500 shares during the last quarter. Country Trust Bank bought a new position in shares of Kraft Heinz in the 2nd quarter valued at about $9,613,000. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Kraft Heinz by 24.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 29,818 shares of the company’s stock valued at $928,000 after acquiring an additional 5,869 shares during the last quarter. Hedge funds and other institutional investors own 58.03% of the company’s stock.

KHC traded down $0.17 during trading on Monday, hitting $31.69. The stock had a trading volume of 1,808,514 shares, compared to its average volume of 5,752,209. The stock has a market cap of $38.96 billion, a P/E ratio of 8.98, a PEG ratio of 3.11 and a beta of 0.76. Kraft Heinz Co has a twelve month low of $26.96 and a twelve month high of $64.99. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $30.76.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. BidaskClub lowered shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Evercore ISI assumed coverage on shares of Mondelez International in a research report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price objective on the stock. UBS Group reissued a “buy” rating and issued a $25.00 price objective on shares of Infineon Technologies in a research report on Tuesday, May 7th. Finally, Piper Jaffray Companies set a $360.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, May 31st. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. Kraft Heinz presently has a consensus rating of “Hold” and an average price target of $41.22.

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.

Featured Article: Trading Strategy Examples and Plans

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

Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.