Kraft Heinz stock is trading -14.8% below its average target price of $42.63 after marking a 1.2% during today's evening session. Analysts are giving the large-cap Packaged Foods company an average rating of hold and target prices ranging from $37.5 to $50.0 per share.
Kraft Heinz's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.6%. The stock's short ratio is 1.93. The company's insiders own 1.39% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 83.4%. In conclusion, we believe there is positive market sentiment regarding Kraft Heinz.
Institutions Invested in Kraft Heinz
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Berkshire Hathaway, Inc | 27% | 325,634,818 | $11,827,056,490 |
| 2023-03-31 | Blackrock Inc. | 6% | 76,422,467 | $2,775,663,978 |
| 2023-03-31 | Vanguard Group Inc | 6% | 68,772,609 | $2,497,821,137 |
| 2023-03-31 | State Street Corporation | 3% | 35,996,409 | $1,307,389,563 |
| 2023-03-31 | Bank of America Corporation | 3% | 31,888,587 | $1,158,193,470 |
| 2023-03-31 | Invesco Ltd. | 2% | 26,223,405 | $952,434,061 |
| 2023-03-31 | Capital International Investors | 2% | 26,180,932 | $950,891,442 |
| 2023-03-31 | Price (T.Rowe) Associates Inc | 2% | 18,644,386 | $677,164,093 |
| 2023-03-31 | Geode Capital Management, LLC | 1% | 15,062,665 | $547,075,988 |
| 2023-03-31 | Franklin Resources, Inc. | 1% | 13,552,345 | $492,221,166 |
