AustralianSuper Pty Ltd Has $31.69 Million Holdings in Kraft Heinz Company $KHC

AustralianSuper Pty Ltd lifted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,217,081 shares of the company’s stock after buying an additional 146,763 shares during the quarter. AustralianSuper Pty Ltd owned about 0.10% of Kraft Heinz worth $31,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Rakuten Securities Inc. grew its holdings in Kraft Heinz by 172.4% in the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares during the period. Cape Investment Advisory Inc. raised its holdings in shares of Kraft Heinz by 164.7% during the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after purchasing an additional 807 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in shares of Kraft Heinz during the 2nd quarter worth about $39,000. Hilltop National Bank acquired a new stake in shares of Kraft Heinz in the 2nd quarter valued at about $41,000. Finally, Albion Financial Group UT bought a new stake in Kraft Heinz in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the topic of several recent research reports. BNP Paribas Exane lowered Kraft Heinz from a “neutral” rating to an “underperform” rating and set a $22.00 price target on the stock. in a report on Wednesday, January 21st. TD Cowen lowered their target price on Kraft Heinz from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Mizuho decreased their price target on shares of Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a report on Thursday, January 22nd. Finally, Sanford C. Bernstein reduced their price objective on shares of Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating for the company in a report on Tuesday, October 28th. One investment 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $26.16.

Insiders Place Their Bets

In related news, insider Miguel Patricio sold 125,000 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 686,817 shares in the company, valued at approximately $17,046,797.94. The trade was a 15.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $23.14 on Friday. Kraft Heinz Company has a fifty-two week low of $21.99 and a fifty-two week high of $33.35. The company’s 50-day moving average is $24.17 and its 200 day moving average is $25.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.13. The company has a market capitalization of $27.39 billion, a P/E ratio of -6.20 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, October 29th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the firm earned $0.75 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz 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.