ABN AMRO Bank N.V. Boosts Stock Holdings in Kraft Heinz Company $KHC

ABN AMRO Bank N.V. grew its holdings in Kraft Heinz Company (NASDAQ:KHC) by 5,045.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 411,652 shares of the company’s stock after purchasing an additional 403,652 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Kraft Heinz were worth $10,634,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KHC. Vanguard Group Inc. lifted its holdings in Kraft Heinz by 0.4% during the second quarter. Vanguard Group Inc. now owns 102,435,702 shares of the company’s stock worth $2,644,890,000 after buying an additional 454,868 shares during the period. State Street Corp boosted its position in Kraft Heinz by 1.0% during the second quarter. State Street Corp now owns 46,376,394 shares of the company’s stock valued at $1,197,438,000 after purchasing an additional 462,963 shares in the last quarter. Geode Capital Management LLC grew its stake in Kraft Heinz by 14.7% in the second quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock valued at $681,663,000 after purchasing an additional 3,392,470 shares during the last quarter. Invesco Ltd. raised its holdings in Kraft Heinz by 7.1% in the second quarter. Invesco Ltd. now owns 17,584,674 shares of the company’s stock worth $454,036,000 after purchasing an additional 1,171,262 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Kraft Heinz by 75.1% in the 3rd quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock valued at $351,263,000 after buying an additional 5,873,967 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Exane BNP Paribas lowered shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. TD Cowen reduced their price target on Kraft Heinz from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Barclays lowered their price objective on Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reduced their target price on Kraft Heinz from $27.00 to $26.00 in a research report on Thursday, October 30th. Finally, Wells Fargo & Company lowered their price target on Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $26.16.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the completion of the sale, the insider directly owned 686,817 shares in the company, valued at approximately $17,046,797.94. The trade was a 15.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Kraft Heinz Trading Up 2.6%

Shares of NASDAQ:KHC opened at $24.48 on Thursday. The company has a quick ratio of 0.73, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 52-week low of $21.99 and a 52-week high of $33.35. The stock has a market cap of $28.98 billion, a price-to-earnings ratio of -6.56 and a beta of 0.08. The business has a 50-day moving average price of $24.06 and a 200-day moving average price of $25.50.

Kraft Heinz Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.