Gateway Investment Advisers LLC decreased its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 11.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 359,801 shares of the company’s stock after selling 47,262 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Kraft Heinz were worth $27,978,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. FMR LLC increased its holdings in Kraft Heinz by 30.0% during the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after buying an additional 2,659,846 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Kraft Heinz during the second quarter valued at approximately $102,151,000. Principal Financial Group Inc. increased its holdings in Kraft Heinz by 128.3% during the second quarter. Principal Financial Group Inc. now owns 1,932,498 shares of the company’s stock valued at $165,499,000 after buying an additional 1,086,062 shares during the last quarter. Pioneer Investment Management Inc. purchased a new stake in Kraft Heinz during the second quarter valued at approximately $79,757,000. Finally, Alliancebernstein L.P. increased its holdings in Kraft Heinz by 49.4% during the second quarter. Alliancebernstein L.P. now owns 2,658,122 shares of the company’s stock valued at $227,642,000 after buying an additional 878,768 shares during the last quarter. Institutional investors own 62.01% of the company’s stock.

Shares of Kraft Heinz Co (KHC) opened at $80.07 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The stock has a market cap of $95,820.32, a price-to-earnings ratio of 24.94, a PEG ratio of 1.99 and a beta of 0.45. Kraft Heinz Co has a 52 week low of $75.21 and a 52 week high of $97.77.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. The firm had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 earnings per share. research analysts anticipate that Kraft Heinz Co will post 3.61 EPS for the current year.

KHC has been the subject of a number of research reports. UBS Group reaffirmed a “buy” rating and set a $89.00 target price (down from $97.00) on shares of Kraft Heinz in a report on Friday, October 13th. Piper Jaffray Companies raised shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $92.00 to $90.00 in a report on Friday, October 6th. Royal Bank of Canada reaffirmed a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a report on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a report on Thursday, September 21st. Finally, Zacks Investment Research cut shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $92.49.

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Kraft Heinz 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.

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

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