South Dakota Investment Council Boosts Stake in Kraft Heinz Co (KHC)

South Dakota Investment Council lifted its stake in Kraft Heinz Co (NASDAQ:KHC) by 23.6% during the first quarter, Holdings Channel reports. The fund owned 22,500 shares of the company’s stock after purchasing an additional 4,300 shares during the quarter. South Dakota Investment Council’s holdings in Kraft Heinz were worth $735,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in shares of Kraft Heinz by 434.8% during the third quarter. Nordea Investment Management AB now owns 296,540 shares of the company’s stock worth $16,341,000 after purchasing an additional 241,095 shares in the last quarter. Legal & General Group Plc lifted its position in Kraft Heinz by 6.0% in the 3rd quarter. Legal & General Group Plc now owns 3,065,442 shares of the company’s stock valued at $168,904,000 after acquiring an additional 174,254 shares in the last quarter. Vanguard Group Inc lifted its position in Kraft Heinz by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after acquiring an additional 1,123,288 shares in the last quarter. Endurance Wealth Management Inc. lifted its position in Kraft Heinz by 11.6% in the 4th quarter. Endurance Wealth Management Inc. now owns 3,378 shares of the company’s stock valued at $146,000 after acquiring an additional 350 shares in the last quarter. Finally, CX Institutional lifted its position in Kraft Heinz by 3,287.9% in the 4th quarter. CX Institutional now owns 1,965 shares of the company’s stock valued at $85,000 after acquiring an additional 1,907 shares in the last quarter. 62.00% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz stock opened at $32.27 on Wednesday. The stock has a market cap of $38.99 billion, a PE ratio of 9.14, a PEG ratio of 2.52 and a beta of 0.58. Kraft Heinz Co has a fifty-two week low of $31.53 and a fifty-two week high of $64.99. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59.



Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.10). The company had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.93 billion. Kraft Heinz had a negative net margin of 38.95% and a positive return on equity of 6.89%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. Research analysts expect that Kraft Heinz Co will post 2.82 EPS for the current fiscal year.

Several research firms recently commented on KHC. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. UBS Group cut their price objective on shares of Kraft Heinz from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. BidaskClub raised shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 8th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Kraft Heinz in a research report on Friday, March 8th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of Kraft Heinz in a research report on Monday, March 4th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $42.17.

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Kraft Heinz 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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