Y.D. More Investments Ltd Purchases 1,198 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Y.D. More Investments Ltd increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 42.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,992 shares of the company’s stock after purchasing an additional 1,198 shares during the quarter. Y.D. More Investments Ltd’s holdings in Kraft Heinz were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC bought a new position in Kraft Heinz during the 3rd quarter worth $411,304,000. State Street Corp grew its holdings in shares of Kraft Heinz by 16.7% during the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after purchasing an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after purchasing an additional 1,944,019 shares during the period. Nordea Investment Management AB raised its stake in Kraft Heinz by 16.3% in the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after purchasing an additional 1,238,200 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Kraft Heinz by 1,139.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company’s stock worth $39,112,000 after purchasing an additional 1,170,814 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup decreased their target price on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Evercore ISI restated an “in-line” rating and set a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Jefferies Financial Group lowered their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Finally, UBS Group reduced their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $34.07.

Kraft Heinz Trading Down 0.3 %

NASDAQ KHC opened at $28.61 on Thursday. The Kraft Heinz Company has a one year low of $28.31 and a one year high of $38.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The business has a 50 day simple moving average of $30.29 and a 200 day simple moving average of $32.97. The stock has a market capitalization of $34.59 billion, a P/E ratio of 25.77, a P/E/G ratio of 3.82 and a beta of 0.47.

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.