E. Ohman J or Asset Management AB Grows Position in 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 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,200 shares of the company’s stock after purchasing 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.

Several other institutional investors and hedge funds have also bought and sold shares of KHC. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Kraft Heinz in the third quarter worth about $411,304,000. State Street Corp raised its stake in shares of Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after buying an additional 6,366,732 shares during the period. Geode Capital Management LLC raised its stake in shares of Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after buying an additional 1,944,019 shares during the period. Nordea Investment Management AB raised its stake in shares of Kraft Heinz by 16.3% in the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after buying an additional 1,238,200 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Kraft Heinz by 1,139.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company’s stock worth $39,112,000 after buying an additional 1,170,814 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KHC shares. JPMorgan Chase & Co. decreased their target price on Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. UBS Group decreased their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Evercore ISI reissued an “in-line” rating and set a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Jefferies Financial Group decreased their target price on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Kraft Heinz currently has an average rating of “Hold” and a consensus target price of $34.07.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $28.61 on Thursday. The stock has a market cap of $34.59 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 3.82 and a beta of 0.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The stock has a 50 day moving average price of $30.29 and a 200-day moving average price of $32.97. The Kraft Heinz Company has a one year low of $28.31 and a one year high of $38.96.

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.