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.
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.
TRADEMARK VIOLATION NOTICE: This news story was reported by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://dakotafinancialnews.com/2019/05/15/south-dakota-investment-council-boosts-stake-in-kraft-heinz-co-khc.html.
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.
Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraft Heinz Co (NASDAQ:KHC).
Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.