This morning we watched Kraft Heinz drop -1.1% to a price of $34.82 per share. The Large-Cap Packaged Foods company is now trading -7.93% below its average target price of $37.82. Analysts have set target prices ranging from $30.0 to $45.0 per share for Kraft Heinz, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 3.1%, and a short ratio of 3.63. The company's insiders own 27.19% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 55.9% of Kraft Heinz's shares being owned by this investor type.
Institutions Invested in Kraft Heinz
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Berkshire Hathaway, Inc | 27% | 325,634,818 | $11,338,604,263 |
| 2024-03-31 | Blackrock Inc. | 8% | 91,657,729 | $3,191,522,095 |
| 2024-03-31 | Vanguard Group Inc | 6% | 70,490,606 | $2,454,482,879 |
| 2024-03-31 | State Street Corporation | 3% | 37,751,172 | $1,314,495,797 |
| 2024-03-31 | Bank of America Corporation | 2% | 29,937,955 | $1,042,439,583 |
| 2024-03-31 | Invesco Ltd. | 2% | 24,409,326 | $849,932,723 |
| 2024-03-31 | Geode Capital Management, LLC | 1% | 16,861,510 | $587,117,773 |
| 2024-03-31 | Capital International Investors | 1% | 15,225,104 | $530,138,116 |
| 2024-03-31 | Morgan Stanley | 1% | 13,212,855 | $460,071,607 |
| 2024-03-31 | Franklin Resources, Inc. | 1% | 12,729,641 | $443,246,095 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Kraft Heinz.
