Newbridge Financial Services Group Inc. Invests $197,000 in The Kraft Heinz Company (NASDAQ:KHC)

Newbridge Financial Services Group Inc. purchased a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,420 shares of the company’s stock, valued at approximately $197,000.

Other institutional investors have also added to or reduced their stakes in the company. Sawyer & Company Inc bought a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $25,000. Fortitude Family Office LLC boosted its holdings in Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after acquiring an additional 529 shares during the period. Ashton Thomas Securities LLC bought a new position in Kraft Heinz in the 3rd quarter valued at $27,000. DiNuzzo Private Wealth Inc. increased its stake in Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after purchasing an additional 797 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in shares of Kraft Heinz during the third quarter worth $33,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

KHC opened at $29.30 on Monday. The firm has a market capitalization of $35.43 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 3.74 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 business’s 50-day moving average is $30.11 and its two-hundred day moving average is $32.88. The Kraft Heinz Company has a 1 year low of $28.31 and a 1 year high of $38.96.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. Evercore ISI reaffirmed an “in-line” rating and issued a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $35.00 in a research report on Thursday, October 31st. The Goldman Sachs Group lowered their price target on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a report on Thursday, October 31st. UBS Group reduced their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Barclays lowered their target price on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Kraft Heinz presently has an average rating of “Hold” and a consensus price target 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.