Kraft Heinz Co (KHC) Holdings Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,091 shares of the company’s stock after purchasing an additional 2,994 shares during the quarter. State of Alaska Department of Revenue’s holdings in Kraft Heinz were worth $4,478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Kraft Heinz by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock worth $2,560,246,000 after acquiring an additional 1,123,288 shares in the last quarter. Vanguard Group Inc grew its position in shares of Kraft Heinz by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock worth $2,560,246,000 after acquiring an additional 1,123,288 shares in the last quarter. BlackRock Inc. grew its position in shares of Kraft Heinz by 2.8% in the 3rd quarter. BlackRock Inc. now owns 36,036,271 shares of the company’s stock worth $1,985,959,000 after acquiring an additional 997,088 shares in the last quarter. Morgan Stanley grew its position in shares of Kraft Heinz by 3.9% in the 3rd quarter. Morgan Stanley now owns 12,113,755 shares of the company’s stock worth $667,589,000 after acquiring an additional 451,572 shares in the last quarter. Finally, FMR LLC grew its position in shares of Kraft Heinz by 5.3% in the 3rd quarter. FMR LLC now owns 8,693,659 shares of the company’s stock worth $479,108,000 after acquiring an additional 438,842 shares in the last quarter. Hedge funds and other institutional investors own 62.62% of the company’s stock.

Shares of NASDAQ KHC opened at $45.61 on Monday. The company has a market capitalization of $55.03 billion, a P/E ratio of 12.85, a P/E/G ratio of 2.19 and a beta of 0.65. Kraft Heinz Co has a 12-month low of $41.60 and a 12-month high of $80.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.00.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.03). The company had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.31 billion. Kraft Heinz had a return on equity of 6.62% and a net margin of 39.56%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS. On average, research analysts forecast that Kraft Heinz Co will post 3.62 earnings per share for the current year.

KHC has been the subject of several research reports. BidaskClub lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Friday, September 21st. Royal Bank of Canada decreased their target price on Kraft Heinz to $68.00 and set an “outperform” rating for the company in a research report on Friday, November 2nd. Standpoint Research initiated coverage on Kraft Heinz in a research report on Wednesday, December 26th. They issued a “buy” rating for the company. ValuEngine upgraded Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Berenberg Bank set a $64.00 price target on Kraft Heinz and gave the stock a “buy” rating in a report on Tuesday, November 20th. Seven research analysts have rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $66.89.

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Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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