Kraft Heinz Surges 1.2% Today - Is There Still Upside?

By Ken Smith • Sunday, December 03 17:10 • Permanent Link

After this evening's 1.2% surge to $35.52 per share, Kraft Heinz might just keep moving past its target price of $37.3. With an average analyst rating of buy, and target prices from $29.0 to $45.0, the stock's next move is anyone's guess.

Kraft Heinz's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.2%. The stock's short ratio is 2.68. 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 None regarding Kraft Heinz.

Institutions Invested in Kraft Heinz

Date Reported	Holder	Percentage	Shares	Value
2023-09-30	Berkshire Hathaway, Inc	27%	325,634,818	$11,566,548,884
2023-09-30	Blackrock Inc.	7%	86,447,332	$3,070,609,272
2023-09-30	Vanguard Group Inc	6%	70,215,597	$2,494,058,037
2023-09-30	State Street Corporation	3%	37,150,133	$1,319,572,741
2023-09-30	Bank of America Corporation	2%	30,535,768	$1,084,630,493
2023-09-30	Capital International Investors	2%	26,166,679	$929,440,450
2023-09-30	Invesco Ltd.	2%	24,601,098	$873,831,012
2023-09-30	Geode Capital Management, LLC	1%	15,840,527	$562,655,526
2023-09-30	Franklin Resources, Inc.	1%	13,508,858	$479,834,642
2023-09-30	Price (T.Rowe) Associates Inc	1%	12,604,669	$447,717,848

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.