Kraft Heinz Co (NASDAQ:KHC) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 20.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 600,000 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Kraft Heinz were worth $18,624,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of KHC. Parsons Capital Management Inc. RI grew its holdings in shares of Kraft Heinz by 3.3% during the first quarter. Parsons Capital Management Inc. RI now owns 10,387 shares of the company’s stock valued at $339,000 after buying an additional 334 shares in the last quarter. Trust Co. of Vermont boosted its position in Kraft Heinz by 1.2% during the first quarter. Trust Co. of Vermont now owns 29,613 shares of the company’s stock valued at $967,000 after purchasing an additional 343 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in Kraft Heinz by 8.5% during the first quarter. Carroll Financial Associates Inc. now owns 4,670 shares of the company’s stock valued at $152,000 after purchasing an additional 364 shares during the last quarter. Weik Capital Management boosted its position in Kraft Heinz by 4.9% during the first quarter. Weik Capital Management now owns 7,778 shares of the company’s stock valued at $254,000 after purchasing an additional 365 shares during the last quarter. Finally, Enterprise Financial Services Corp boosted its position in Kraft Heinz by 31.7% during the first quarter. Enterprise Financial Services Corp now owns 1,537 shares of the company’s stock valued at $50,000 after purchasing an additional 370 shares during the last quarter. Institutional investors own 58.03% of the company’s stock.

A number of analysts recently issued reports on KHC shares. Credit Suisse Group reissued a “sell” rating and set a $26.00 price objective on shares of Kraft Heinz in a research report on Tuesday, July 2nd. UBS Group reduced their price target on Kraft Heinz from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Zacks Investment Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Evercore ISI assumed coverage on Kraft Heinz in a research report on Tuesday, June 11th. They issued an “in-line” rating and a $32.00 price target for the company. Finally, BidaskClub raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Friday, July 19th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.22.

Shares of KHC stock traded down $0.02 during trading hours on Wednesday, hitting $31.82. The company had a trading volume of 4,977,122 shares, compared to its average volume of 5,752,209. Kraft Heinz Co has a 12 month low of $26.96 and a 12 month high of $64.99. The company has a market cap of $38.87 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 3.11 and a beta of 0.76. The stock’s fifty day moving average is $30.98. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.21 and a quick ratio of 0.85.

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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