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

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Fortitude Family Office LLC increased its holdings in shares of Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after acquiring an additional 529 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Kraft Heinz in the 3rd quarter worth about $27,000. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz in the 4th quarter worth about $25,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Kraft Heinz by 1,077.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after acquiring an additional 797 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Kraft Heinz in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KHC. 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. UBS Group decreased their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. TD Cowen decreased their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $35.00 in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group decreased their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and an average price target of $34.07.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $29.01 on Friday. The Kraft Heinz Company has a twelve month low of $28.31 and a twelve month high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $30.22 and a 200-day moving average of $32.93. The firm has a market cap 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.

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.