Kraft Heinz Company $KHC Shares Acquired by RWWM Inc.

RWWM Inc. boosted its position in Kraft Heinz Company (NASDAQ:KHC) by 32.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,721,883 shares of the company’s stock after acquiring an additional 425,292 shares during the quarter. Kraft Heinz makes up 3.2% of RWWM Inc.’s investment portfolio, making the stock its 10th biggest position. RWWM Inc.’s holdings in Kraft Heinz were worth $44,838,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KHC. Norges Bank purchased a new position in Kraft Heinz in the second quarter valued at about $276,159,000. Nordea Investment Management AB increased its holdings in Kraft Heinz by 75.1% during the 3rd 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. Geode Capital Management LLC raised its position in shares of Kraft Heinz by 14.7% in the 2nd quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock valued at $681,663,000 after purchasing an additional 3,392,470 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Kraft Heinz by 1,645.9% during the 2nd quarter. Marshall Wace LLP now owns 1,880,281 shares of the company’s stock valued at $48,549,000 after buying an additional 1,772,581 shares during the last quarter. Finally, Fairfax Financial Holdings Ltd. Can boosted its stake in shares of Kraft Heinz by 45.4% during the 2nd quarter. Fairfax Financial Holdings Ltd. Can now owns 4,884,000 shares of the company’s stock valued at $126,056,000 after buying an additional 1,525,000 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the transaction, the insider directly owned 686,817 shares in the company, valued at approximately $17,046,797.94. This trade represents a 15.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the subject of a number of research analyst reports. Sanford C. Bernstein dropped their price target on shares of Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating for the company in a research note on Tuesday, October 28th. Barclays cut their target price on shares of Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley lowered their price target on Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Jefferies Financial Group decreased their price objective on shares of Kraft Heinz from $24.00 to $23.00 and set a “hold” rating for the company in a report on Tuesday, January 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kraft Heinz from $27.00 to $26.00 in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and a consensus price target of $26.16.

Kraft Heinz Trading Up 2.6%

Shares of KHC stock opened at $23.74 on Friday. The firm has a market capitalization of $28.10 billion, a PE ratio of -6.36 and a beta of 0.09. The stock has a fifty day moving average of $24.14 and a two-hundred day moving average of $25.59. Kraft Heinz Company has a 1 year low of $21.99 and a 1 year high of $33.35. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.13.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, October 29th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. Kraft Heinz’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. As a group, research analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

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.