Mason Street Advisors LLC Has $2.90 Million Holdings in Kraft Heinz Co (KHC)

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Mason Street Advisors LLC grew its position in Kraft Heinz Co (NASDAQ:KHC) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,724 shares of the company’s stock after purchasing an additional 1,044 shares during the quarter. Mason Street Advisors LLC’s holdings in Kraft Heinz were worth $2,897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Clifford Swan Investment Counsel LLC grew its holdings in shares of Kraft Heinz by 0.7% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 33,710 shares of the company’s stock valued at $1,451,000 after buying an additional 225 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Kraft Heinz by 4.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,511 shares of the company’s stock valued at $237,000 after buying an additional 239 shares during the last quarter. Delta Asset Management LLC TN grew its holdings in shares of Kraft Heinz by 3.5% during the fourth quarter. Delta Asset Management LLC TN now owns 7,466 shares of the company’s stock valued at $320,000 after buying an additional 250 shares during the last quarter. Gradient Investments LLC grew its holdings in shares of Kraft Heinz by 54.2% during the fourth quarter. Gradient Investments LLC now owns 717 shares of the company’s stock valued at $31,000 after buying an additional 252 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its position in Kraft Heinz by 4.4% during the fourth quarter. IHT Wealth Management LLC now owns 6,081 shares of the company’s stock valued at $262,000 after purchasing an additional 259 shares during the period. 62.00% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Barclays downgraded shares of Kraft Heinz from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 22nd. Deutsche Bank downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $58.00 to $52.00 in a research report on Tuesday, February 5th. BidaskClub upgraded shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 8th. Piper Jaffray Companies downgraded shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $35.00 to $31.00 in a research report on Wednesday, April 24th. Finally, UBS Group decreased their price objective on shares of Kraft Heinz from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.17.

KHC stock opened at $31.79 on Tuesday. The stock has a market cap of $39.67 billion, a PE ratio of 9.01, a P/E/G ratio of 3.14 and a beta of 0.58. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.86. Kraft Heinz Co has a 52 week low of $31.53 and a 52 week high of $64.99.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.10). The company had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 EPS. As a group, equities analysts anticipate that Kraft Heinz Co will post 2.82 EPS for the current fiscal year.

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About Kraft Heinz

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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