Kraft Heinz stock is trading -17.29% below its average target price of $41.1 after marking a 1.4% during today's afternoon session. Analysts are giving the large-cap Packaged Foods company an average rating of hold and target prices ranging from $31.0 to $48.0 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 1.84. 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 |
|---|---|---|---|---|
| 2023-06-30 | Berkshire Hathaway, Inc | 27% | 325,634,818 | $11,069,955,290 |
| 2023-06-30 | Blackrock Inc. | 7% | 83,293,412 | $2,831,559,451 |
| 2023-06-30 | Vanguard Group Inc | 6% | 69,798,482 | $2,372,799,321 |
| 2023-06-30 | State Street Corporation | 3% | 37,076,605 | $1,260,419,147 |
| 2023-06-30 | Bank of America Corporation | 3% | 33,449,098 | $1,137,102,050 |
| 2023-06-30 | Capital International Investors | 2% | 26,174,663 | $889,807,640 |
| 2023-06-30 | Invesco Ltd. | 2% | 22,232,018 | $755,777,428 |
| 2023-06-30 | Geode Capital Management, LLC | 1% | 15,481,518 | $526,294,187 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 1% | 12,973,303 | $441,027,421 |
| 2023-06-30 | Franklin Resources, Inc. | 1% | 12,820,856 | $435,844,986 |
