E. Ohman J or Asset Management AB Acquires 5,300 Shares of The Kraft Heinz Company (NASDAQ:KHC)

E. Ohman J or Asset Management AB boosted its position in The Kraft Heinz Company (NASDAQ:KHC) by 14.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 43,200 shares of the company’s stock after acquiring an additional 5,300 shares during the period. E. Ohman J or Asset Management AB’s holdings in Kraft Heinz were worth $1,327,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position 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 buying an additional 545,504 shares during the period. Banque Cantonale Vaudoise increased its position in shares of Kraft Heinz by 52.5% during the third quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock valued at $5,988,000 after buying an additional 58,665 shares during the period. Brookstone Capital Management increased its position in shares of Kraft Heinz by 229.8% during the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock valued at $10,530,000 after buying an additional 238,913 shares during the period. Easterly Investment Partners LLC increased its position in shares of Kraft Heinz by 39.4% during the third quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock valued at $5,529,000 after buying an additional 44,485 shares during the period. Finally, Toronto Dominion Bank increased its position in shares of Kraft Heinz by 12.6% during the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock valued at $17,132,000 after buying an additional 54,656 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Trading Down 0.3 %

NASDAQ KHC opened at $28.61 on Thursday. The Kraft Heinz Company has a 12 month low of $28.31 and a 12 month high of $38.96. The stock has a market cap 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. The stock’s fifty day moving average price is $30.29 and its 200-day moving average price is $32.97. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KHC. Wells Fargo & Company cut their price objective on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus cut their target price on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Piper Sandler reissued a “neutral” rating and set a $35.00 price objective (down previously from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Jefferies Financial Group dropped their price objective on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Finally, Barclays decreased their target price on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. One investment 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’s stock. Based on data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $34.07.

Kraft Heinz Company 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.