Kraft Heinz Company $KHC Stock Holdings Boosted by RWWM Inc.

RWWM Inc. raised its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 32.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,721,883 shares of the company’s stock after acquiring an additional 425,292 shares during the period. Kraft Heinz makes up 3.2% of RWWM Inc.’s investment portfolio, making the stock its 10th biggest holding. RWWM Inc. owned 0.15% of Kraft Heinz worth $44,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. STF Management LP raised its stake in shares of Kraft Heinz by 2.1% during the second quarter. STF Management LP now owns 18,475 shares of the company’s stock worth $477,000 after purchasing an additional 374 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Kraft Heinz by 15.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,219 shares of the company’s stock valued at $84,000 after buying an additional 431 shares during the last quarter. Barrett & Company Inc. increased its stake in Kraft Heinz by 22.7% in the 3rd quarter. Barrett & Company Inc. now owns 2,700 shares of the company’s stock valued at $70,000 after buying an additional 500 shares during the period. Bill Few Associates Inc. raised its position in Kraft Heinz by 0.6% during the 2nd quarter. Bill Few Associates Inc. now owns 88,026 shares of the company’s stock worth $2,273,000 after buying an additional 516 shares during the last quarter. Finally, Silverlake Wealth Management LLC raised its position in Kraft Heinz by 3.4% during the 2nd quarter. Silverlake Wealth Management LLC now owns 16,021 shares of the company’s stock worth $414,000 after buying an additional 530 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KHC shares. Wells Fargo & Company dropped their price target on shares of Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Sanford C. Bernstein lowered their price target on Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating on the stock in a report on Tuesday, October 28th. Mizuho dropped their target price on shares of Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. HSBC decreased their target price on shares of Kraft Heinz from $29.00 to $27.00 in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $26.16.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $23.74 on Friday. The business’s fifty day moving average price is $24.14 and its 200 day moving average price is $25.59. Kraft Heinz Company has a twelve month low of $21.99 and a twelve month high of $33.35. The company has a current ratio of 1.13, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $28.10 billion, a P/E ratio of -6.36 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 17.35%.The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the business posted $0.75 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, research analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Insider Buying and Selling at Kraft Heinz

In related news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the sale, the insider directly owned 686,817 shares in the company, valued at approximately $17,046,797.94. This represents a 15.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.