Commerzbank Aktiengesellschaft FI Increases Position in Kraft Heinz Co (KHC)

Commerzbank Aktiengesellschaft FI increased its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 14.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,891,302 shares of the company’s stock after acquiring an additional 237,867 shares during the period. Kraft Heinz makes up 0.9% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 23rd biggest position. Commerzbank Aktiengesellschaft FI’s holdings in Kraft Heinz were worth $81,402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Kraft Heinz by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after buying an additional 1,123,288 shares during the last quarter. Vanguard Group Inc boosted its position in Kraft Heinz by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after buying an additional 1,123,288 shares during the last quarter. BlackRock Inc. boosted its position in Kraft Heinz by 2.8% in the 3rd quarter. BlackRock Inc. now owns 36,036,271 shares of the company’s stock valued at $1,985,959,000 after buying an additional 997,088 shares during the last quarter. Morgan Stanley boosted its position in Kraft Heinz by 3.9% in the 3rd quarter. Morgan Stanley now owns 12,113,755 shares of the company’s stock valued at $667,589,000 after buying an additional 451,572 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Kraft Heinz by 6,999.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,500,383 shares of the company’s stock valued at $244,000 after buying an additional 10,352,489 shares during the last quarter. 63.31% of the stock is owned by hedge funds and other institutional investors.

Shares of KHC stock opened at $48.11 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. Kraft Heinz Co has a one year low of $41.60 and a one year high of $72.78. The stock has a market cap of $57.87 billion, a PE ratio of 13.55, a P/E/G ratio of 2.32 and a beta of 0.72.

A number of equities analysts have weighed in on KHC shares. Royal Bank of Canada decreased their price objective on shares of Kraft Heinz to $68.00 and set an “outperform” rating for the company in a research report on Friday, November 2nd. Standpoint Research started coverage on shares of Kraft Heinz in a research report on Wednesday, December 26th. They issued a “buy” rating for the company. Deutsche Bank cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price objective for the company from $58.00 to $52.00 in a research report on Tuesday, February 5th. ValuEngine raised shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $64.43.

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Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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

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