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ProShare Advisors LLC Sells 333,070 Shares of Kraft Heinz Company $KHC
ProShare Advisors LLC significantly reduced its stake in Kraft Heinz Company (NASDAQ:KHC) by 18.5% in the third quarter, selling 333,070 shares and now holding 1,469,183 shares valued at approximately $38.3 million. Concurrently, CEO Miguel Patricio sold 125,000 shares, decreasing his ownership by 15.4%. Wall Street analysts have largely maintained “Reduce” or “Equal Weight” ratings, with an average target price of $26.16, as the stock trades near $24.58 with a negative P/E ratio.