Alps Advisors Inc. Has $24.45 Million Stock Position in Kraft Heinz Company $KHC

Alps Advisors Inc. boosted its position in Kraft Heinz Company (NASDAQ:KHC) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 938,913 shares of the company’s stock after acquiring an additional 37,947 shares during the period. Alps Advisors Inc.’s holdings in Kraft Heinz were worth $24,449,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Kraft Heinz by 0.4% during the second quarter. Vanguard Group Inc. now owns 102,435,702 shares of the company’s stock worth $2,644,890,000 after acquiring an additional 454,868 shares in the last quarter. State Street Corp boosted its stake in Kraft Heinz by 1.0% during the 2nd quarter. State Street Corp now owns 46,376,394 shares of the company’s stock valued at $1,197,438,000 after purchasing an additional 462,963 shares during the last quarter. Geode Capital Management LLC increased its holdings in Kraft Heinz by 14.7% during the 2nd quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock worth $681,663,000 after purchasing an additional 3,392,470 shares in the last quarter. Invesco Ltd. increased its holdings in Kraft Heinz by 7.1% during the 2nd quarter. Invesco Ltd. now owns 17,584,674 shares of the company’s stock worth $454,036,000 after purchasing an additional 1,171,262 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Kraft Heinz by 75.1% in the third quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock worth $351,263,000 after purchasing an additional 5,873,967 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Insider Activity

In other news, insider Miguel Patricio sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total value of $3,102,500.00. Following the sale, the insider owned 686,817 shares of the company’s stock, valued at $17,046,797.94. The trade was a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. TD Cowen decreased their price target on Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Kraft Heinz from $27.00 to $26.00 in a report on Thursday, October 30th. UBS Group reiterated a “neutral” rating on shares of Kraft Heinz in a research note on Tuesday. Mizuho dropped their price target on shares of Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Finally, The Goldman Sachs Group reduced their price objective on shares of Kraft Heinz from $30.00 to $27.00 in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and a consensus target price of $26.16.

Kraft Heinz Stock Up 0.8%

Shares of NASDAQ KHC opened at $24.64 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.73. The stock has a market capitalization of $29.17 billion, a PE ratio of -6.61 and a beta of 0.08. Kraft Heinz Company has a one year low of $21.99 and a one year high of $33.35. The business’s fifty day moving average price is $24.02 and its 200-day moving average price is $25.45.

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.