The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 342,326 shares of the company’s stock after selling 6,974 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kraft Heinz were worth $10,487,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC grew its stake in Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Kraft Heinz during the third quarter worth approximately $27,000. Sawyer & Company Inc purchased a new stake in Kraft Heinz during the fourth quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. grew its stake in Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after buying an additional 797 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in Kraft Heinz during the third quarter worth approximately $33,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on KHC. UBS Group decreased their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays decreased their target price on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Jefferies Financial Group decreased their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, Evercore ISI restated an “in-line” rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and an average price target of $34.07.

Kraft Heinz Trading Up 1.4 %

NASDAQ KHC opened at $29.01 on Friday. The company has a market capitalization of $35.08 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 3.82 and a beta of 0.47. The Kraft Heinz Company has a 12 month low of $28.31 and a 12 month high of $38.96. The company’s fifty day moving average price is $30.22 and its two-hundred day moving average price is $32.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56.

About Kraft Heinz

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.