Sumitomo Mitsui Trust Group Inc. Buys 49,827 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Sumitomo Mitsui Trust Group Inc. raised its stake in The Kraft Heinz Company (NASDAQ:KHC) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,688,249 shares of the company’s stock after buying an additional 49,827 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Kraft Heinz worth $82,556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in KHC. Sawyer & Company Inc purchased a new stake in Kraft Heinz during the fourth quarter valued at about $25,000. Fortitude Family Office LLC increased its position in shares of 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 purchasing an additional 529 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Kraft Heinz in the 3rd quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. boosted 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 buying an additional 797 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Kraft Heinz during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 1.0 %

NASDAQ:KHC opened at $29.30 on Monday. The Kraft Heinz Company has a 12 month low of $28.31 and a 12 month high of $38.96. 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 company has a 50-day moving average price of $30.11 and a 200-day moving average price of $32.88. The stock has a market cap of $35.43 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 3.74 and a beta of 0.47.

Wall Street Analyst Weigh In

KHC has been the subject of a number of research reports. Barclays cut their price objective on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. cut their price target on shares of Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. UBS Group lowered their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Evercore ISI restated an “in-line” rating and set a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft downgraded 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 report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.07.

Kraft Heinz Company 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.