Kraft Heinz Co (KHC): Hedge Funds Are Snapping Up; Signs of Confidence in Post-Merger Synergies

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Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Kraft Heinz Co (NASDAQ:KHC) but similarly valued. These stocks are Schlumberger Limited. (NYSE:SLB), Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU), AstraZeneca plc (ADR) (NYSE:AZN), and United Parcel Service, Inc. (NYSE:UPS). This group of stocks’ market valuations are closest to KHC’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SLB 51 1920800 -10
MTU 10 98712 -2
AZN 20 381723 2
UPS 36 2134634 -4

As you can see these stocks had an average of 29 hedge funds with bullish positions and the average amount invested in these stocks was $1.13 billion. That figure was $26.20 billion in KHC’s case. Schlumberger Limited. (NYSE:SLB) is the most popular stock in this table. On the other hand Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Kraft Heinz Co (NASDAQ:KHC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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