Sumitomo Mitsui Trust Group Inc. Raises Stake in The Kraft Heinz Company (NASDAQ:KHC)

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,688,249 shares of the company’s stock after purchasing an additional 49,827 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Kraft Heinz were worth $82,556,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KHC. Charles Schwab Investment Management Inc. raised its stake in Kraft Heinz by 11.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock valued at $186,350,000 after buying an additional 545,504 shares during the last quarter. Banque Cantonale Vaudoise raised its position in shares of Kraft Heinz by 52.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock worth $5,988,000 after purchasing an additional 58,665 shares during the last quarter. Brookstone Capital Management grew its position in Kraft Heinz by 229.8% during the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock valued at $10,530,000 after purchasing an additional 238,913 shares during the last quarter. Easterly Investment Partners LLC increased its stake in Kraft Heinz by 39.4% during the 3rd quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock valued at $5,529,000 after purchasing an additional 44,485 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in Kraft Heinz by 12.6% in the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock worth $17,132,000 after buying an additional 54,656 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 1.0 %

Shares of KHC stock opened at $29.30 on Monday. 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 12 month low of $28.31 and a 12 month high of $38.96. The stock has a market cap of $35.43 billion, a P/E ratio of 26.40, a P/E/G ratio of 3.74 and a beta of 0.47. The company has a 50 day simple moving average of $30.11 and a two-hundred day simple moving average of $32.88.

Analysts Set New Price Targets

Several brokerages recently weighed in on KHC. Evercore ISI reissued an “in-line” rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Barclays reduced their price objective on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. UBS Group lowered their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced 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 note 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Kraft Heinz has a consensus rating of “Hold” and a consensus target price of $34.07.

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.