Gamco Investors INC. ET AL Has $12.08 Million Stake in Kraft Heinz Co (KHC)

Gamco Investors INC. ET AL grew its stake in Kraft Heinz Co (NASDAQ:KHC) by 14.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 155,331 shares of the company’s stock after acquiring an additional 19,700 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Kraft Heinz were worth $12,079,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Kraft Heinz by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock worth $3,651,416,000 after purchasing an additional 487,241 shares in the last quarter. BlackRock Inc. boosted its position in shares of Kraft Heinz by 1.7% in the 2nd quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock worth $2,835,974,000 after purchasing an additional 562,183 shares in the last quarter. FMR LLC boosted its position in shares of Kraft Heinz by 30.0% in the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after purchasing an additional 2,659,846 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Kraft Heinz by 0.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,648,397 shares of the company’s stock worth $483,729,000 after purchasing an additional 33,503 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Kraft Heinz by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,022,817 shares of the company’s stock worth $234,426,000 after purchasing an additional 17,465 shares in the last quarter. Institutional investors and hedge funds own 61.92% of the company’s stock.

KHC has been the subject of a number of research reports. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. Morgan Stanley lowered their price target on Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. BMO Capital Markets lowered their price target on Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. BidaskClub cut Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 30th. Finally, UBS Group reaffirmed a “buy” rating and set a $89.00 price target (down previously from $97.00) on shares of Kraft Heinz in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $92.27.

Kraft Heinz Co (NASDAQ KHC) opened at $71.58 on Friday. The stock has a market capitalization of $89,618.33, a PE ratio of 20.66, a PEG ratio of 1.98 and a beta of 0.43. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. Kraft Heinz Co has a fifty-two week low of $71.25 and a fifty-two week high of $97.77.

COPYRIGHT VIOLATION NOTICE: “Gamco Investors INC. ET AL Has $12.08 Million Stake in Kraft Heinz Co (KHC)” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://sportsperspectives.com/2018/02/09/gamco-investors-inc-et-al-has-12-08-million-stake-in-kraft-heinz-co-khc.html.

Kraft Heinz Company Profile

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraft Heinz Co (NASDAQ:KHC).

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

Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply