Dupree Financial Group LLC Buys 3,085 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Dupree Financial Group LLC boosted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,051 shares of the company’s stock after buying an additional 3,085 shares during the period. Kraft Heinz makes up about 3.3% of Dupree Financial Group LLC’s investment portfolio, making the stock its 11th largest holding. Dupree Financial Group LLC’s holdings in Kraft Heinz were worth $7,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Kraft Heinz in the third quarter worth $411,304,000. State Street Corp increased its holdings in Kraft Heinz by 16.7% in the 3rd 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 in the last quarter. Geode Capital Management LLC raised its position in Kraft Heinz by 11.3% in the 3rd 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 last quarter. Nordea Investment Management AB lifted its stake in Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after acquiring an additional 1,238,200 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Kraft Heinz by 1,139.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company’s stock valued at $39,112,000 after acquiring an additional 1,170,814 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 1.9 %

Kraft Heinz stock opened at $29.28 on Tuesday. The Kraft Heinz Company has a 1 year low of $28.37 and a 1 year high of $38.96. The firm’s 50 day moving average price is $30.41 and its 200-day moving average price is $33.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The stock has a market cap of $35.40 billion, a P/E ratio of 26.38, a PEG ratio of 3.82 and a beta of 0.47.

Analyst Ratings Changes

KHC has been the topic of several research reports. UBS Group dropped their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their price target on Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday. The Goldman Sachs Group reduced their price objective on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus dropped their target price on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, Wells Fargo & Company reduced their price target on shares of Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Kraft Heinz currently has a consensus rating of “Hold” and a consensus price target of $34.07.

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.