Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in The Kraft Heinz Company (NASDAQ:KHC)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,107 shares of the company’s stock after acquiring an additional 1,817 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Kraft Heinz were worth $3,535,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Trust Co. of Vermont increased its stake in shares of Kraft Heinz by 3.6% during the 3rd quarter. Trust Co. of Vermont now owns 10,388 shares of the company’s stock worth $365,000 after purchasing an additional 358 shares during the last quarter. Winch Advisory Services LLC grew its holdings in Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock valued at $70,000 after purchasing an additional 380 shares during the period. Pinnacle Financial Partners Inc increased its position in Kraft Heinz by 4.2% in the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after buying an additional 381 shares during the last quarter. Smith Thornton Advisors LLC lifted its position in shares of Kraft Heinz by 2.1% during the 3rd quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock valued at $727,000 after buying an additional 435 shares during the last quarter. Finally, Thomasville National Bank grew its stake in shares of Kraft Heinz by 1.2% during the 3rd quarter. Thomasville National Bank now owns 40,868 shares of the company’s stock worth $1,435,000 after acquiring an additional 481 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. Mizuho dropped their price target on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group reduced their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. Evercore ISI restated an “in-line” rating and set a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, Citigroup reduced their price target on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.07.

Kraft Heinz Stock Up 1.0 %

KHC stock opened at $29.30 on Monday. The company’s 50 day moving average is $30.11 and its 200 day moving average is $32.88. The stock has a market cap of $35.43 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 3.74 and a beta of 0.47. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a 1-year low of $28.31 and a 1-year high of $38.96.

Kraft Heinz Profile

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.