State of Alaska Department of Revenue Has $3.09 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

State of Alaska Department of Revenue trimmed its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 31.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,634 shares of the company’s stock after selling 47,145 shares during the quarter. State of Alaska Department of Revenue’s holdings in Kraft Heinz were worth $3,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in KHC. AMF Tjanstepension AB grew its stake in Kraft Heinz by 143.4% in the third quarter. AMF Tjanstepension AB now owns 245,522 shares of the company’s stock valued at $8,620,000 after acquiring an additional 144,646 shares during the period. UMB Bank n.a. lifted its position in Kraft Heinz by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 3,101 shares of the company’s stock valued at $109,000 after acquiring an additional 850 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Kraft Heinz by 221.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,016 shares of the company’s stock worth $36,000 after purchasing an additional 700 shares in the last quarter. Fiduciary Financial Group LLC lifted its holdings in shares of Kraft Heinz by 10.3% in the third quarter. Fiduciary Financial Group LLC now owns 9,939 shares of the company’s stock valued at $344,000 after purchasing an additional 926 shares in the last quarter. Finally, CHICAGO TRUST Co NA purchased a new position in Kraft Heinz during the 3rd quarter worth $435,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KHC. Piper Sandler reaffirmed a “neutral” rating and issued a $35.00 target price (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. TD Cowen decreased their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Evercore ISI restated an “in-line” rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus dropped their price objective on shares of Kraft Heinz from $35.00 to $32.00 and set a “hold” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and a consensus target price of $34.07.

Kraft Heinz Price Performance

KHC opened at $29.30 on Monday. The firm has a market cap of $35.43 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 3.74 and a beta of 0.47. The Kraft Heinz Company has a 1 year low of $28.31 and a 1 year high of $38.96. 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’s 50 day simple moving average is $30.11 and its 200 day simple moving average is $32.88.

Kraft Heinz 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.