The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. boosted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 28.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,678 shares of the company’s stock after purchasing an additional 4,342 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Kraft Heinz were worth $604,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KHC. State Street Corp boosted its position in shares of Kraft Heinz by 16.7% during the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after buying an additional 6,366,732 shares during the period. Geode Capital Management LLC raised its stake in Kraft Heinz by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after acquiring an additional 1,944,019 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Kraft Heinz during the 3rd quarter worth $411,304,000. Nordea Investment Management AB grew its stake in shares of Kraft Heinz by 16.3% in the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after purchasing an additional 1,238,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Kraft Heinz by 11.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock valued at $186,350,000 after purchasing an additional 545,504 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KHC has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. TD Cowen cut their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Jefferies Financial Group lowered their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company decreased their target price on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Citigroup dropped their price target on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.07.

Insider Activity

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the transaction, the executive vice president now directly owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Kraft Heinz Trading Down 1.4 %

Kraft Heinz stock opened at $29.84 on Monday. The company has a 50 day moving average price of $30.41 and a 200 day moving average price of $33.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The Kraft Heinz Company has a 52 week low of $28.37 and a 52 week high of $38.96. The firm has a market capitalization of $36.08 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 3.80 and a beta of 0.48.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.