KHC

Understanding Why Kraft Heinz Stock Is Sliding Today.

Kraft Heinz stock is trading -8.72% below its average target price of $37.75 after dropping -1.5% during today's evening session. Analysts are giving the large-cap Packaged Foods company an average rating of hold and target prices ranging from $34.08 to $43.63 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 $11,221,375,530
2023-03-31 Blackrock Inc. 6% 76,422,467 $2,633,518,142
2023-03-31 Vanguard Group Inc 6% 68,772,609 $2,369,904,043
2023-03-31 State Street Corporation 3% 35,996,409 $1,240,436,221
2023-03-31 Bank of America Corporation 3% 31,888,587 $1,098,880,678
2023-03-31 Invesco Ltd. 2% 26,223,405 $903,658,512
2023-03-31 Capital International Investors 2% 26,180,932 $902,194,892
2023-03-31 Price (T.Rowe) Associates Inc 2% 18,644,386 $642,485,524
2023-03-31 Geode Capital Management, LLC 1% 15,062,665 $519,059,422
2023-03-31 Franklin Resources, Inc. 1% 13,552,345 $467,013,796
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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