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

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in The Kraft Heinz Company (NASDAQ:KHC) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,107 shares of the company’s stock after buying 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Sawyer & Company Inc purchased a new position in Kraft Heinz in the 4th quarter worth approximately $25,000. Fortitude Family Office LLC grew its holdings in shares of Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Kraft Heinz during the 3rd quarter valued at $27,000. DiNuzzo Private Wealth Inc. boosted its position in Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after buying an additional 797 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in Kraft Heinz in the 3rd quarter worth $33,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 1.0 %

NASDAQ:KHC opened at $29.30 on Monday. The Kraft Heinz Company has a one year low of $28.31 and a one year high of $38.96. The company’s 50-day simple moving average is $30.11 and its 200 day simple moving average is $32.88. The firm has a market capitalization of $35.43 billion, a P/E ratio of 26.40, a PEG 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.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KHC shares. Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a report on Friday, January 24th. Jefferies Financial Group dropped their price objective on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. UBS Group reduced their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Mizuho dropped their price target on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock 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.