Mitsubishi UFJ Trust & Banking Corp Acquires 31,321 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHCFree Report) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 611,914 shares of the company’s stock after purchasing an additional 31,321 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Kraft Heinz were worth $20,585,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KHC. Price T Rowe Associates Inc. MD lifted its holdings in Kraft Heinz by 1,835.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,527,499 shares of the company’s stock worth $794,964,000 after acquiring an additional 18,518,584 shares in the last quarter. BlackRock Inc. lifted its holdings in Kraft Heinz by 9.0% during the second quarter. BlackRock Inc. now owns 83,293,412 shares of the company’s stock worth $2,956,916,000 after acquiring an additional 6,870,945 shares in the last quarter. Capital World Investors lifted its holdings in shares of Kraft Heinz by 96.5% in the first quarter. Capital World Investors now owns 13,312,000 shares of the company’s stock valued at $524,360,000 after purchasing an additional 6,537,000 shares in the last quarter. Norges Bank bought a new stake in shares of Kraft Heinz in the fourth quarter valued at about $252,224,000. Finally, Holocene Advisors LP bought a new stake in shares of Kraft Heinz in the second quarter valued at about $138,762,000. 75.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of research reports. Bank of America cut their price target on Kraft Heinz from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Sanford C. Bernstein raised Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Tuesday, November 14th. Evercore ISI raised Kraft Heinz from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $40.00 to $42.00 in a research report on Monday, December 11th. Morgan Stanley decreased their target price on Kraft Heinz from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Finally, Piper Sandler increased their price target on Kraft Heinz from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.60.

View Our Latest Report on Kraft Heinz

Insiders Place Their Bets

In other Kraft Heinz news, Director Miguel Patricio sold 131,500 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $38.02, for a total transaction of $4,999,630.00. Following the completion of the sale, the director now directly owns 992,049 shares in the company, valued at $37,717,702.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Lande Rashida La sold 13,238 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $35.00, for a total value of $463,330.00. Following the completion of the sale, the chief accounting officer now directly owns 153,494 shares in the company, valued at $5,372,290. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Miguel Patricio sold 131,500 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $38.02, for a total value of $4,999,630.00. Following the completion of the sale, the director now owns 992,049 shares of the company’s stock, valued at $37,717,702.98. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Kraft Heinz Stock Down 1.4 %

NASDAQ KHC opened at $35.97 on Monday. The business has a fifty day moving average price of $37.03 and a two-hundred day moving average price of $34.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.00 and a quick ratio of 0.52. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $41.47. The stock has a market capitalization of $44.12 billion, a PE ratio of 14.86, a PEG ratio of 2.51 and a beta of 0.65.

Kraft Heinz Profile

(Free Report)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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