Brown Lisle Cummings Inc. Purchases 3,177 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Brown Lisle Cummings Inc. increased its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,235 shares of the company’s stock after acquiring an additional 3,177 shares during the period. Brown Lisle Cummings Inc.’s holdings in Kraft Heinz were worth $775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Kraft Heinz in the 3rd quarter worth approximately $411,304,000. State Street Corp raised its stake in shares of Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after buying an additional 6,366,732 shares during the period. Geode Capital Management LLC lifted its position in shares of Kraft Heinz by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after buying an additional 1,944,019 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after acquiring an additional 1,238,200 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Kraft Heinz by 1,139.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company’s stock worth $39,112,000 after acquiring an additional 1,170,814 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Mizuho dropped their price objective on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. 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 report on Friday, November 1st. The Goldman Sachs Group lowered their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a report on Thursday, October 31st. Piper Sandler reaffirmed a “neutral” rating and issued a $35.00 price target (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kraft Heinz currently has a consensus rating of “Hold” and an average price target of $34.07.

Kraft Heinz Stock Down 1.9 %

Shares of NASDAQ:KHC opened at $29.28 on Tuesday. The firm has a fifty day moving average of $30.41 and a 200 day moving average of $33.03. The Kraft Heinz Company has a 52-week low of $28.37 and a 52-week high of $38.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The firm has a market capitalization of $35.40 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 3.82 and a beta of 0.47.

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.