Daiwa Securities Group Inc. Boosts Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Daiwa Securities Group Inc. lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 6.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 199,276 shares of the company's stock after acquiring an additional 11,999 shares during the period. Daiwa Securities Group Inc.'s holdings in Kraft Heinz were worth $6,120,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KHC. State Street Corp grew its position in Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company's stock valued at $1,558,898,000 after purchasing an additional 6,366,732 shares during the period. Geode Capital Management LLC lifted its stake in shares of Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock valued at $669,821,000 after buying an additional 1,944,019 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Kraft Heinz during the third quarter valued at about $411,304,000. Nordea Investment Management AB increased its position in shares of Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after acquiring an additional 1,238,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Kraft Heinz by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,601,292 shares of the company's stock worth $172,016,000 after acquiring an additional 293,694 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

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Analysts Set New Price Targets

Several analysts have recently commented on the company. Evercore ISI reissued an "in-line" rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. UBS Group lowered their price target on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Piper Sandler reduced their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Bank of America lowered shares of Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their price target for the company from $36.00 to $30.00 in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $30.86.

Kraft Heinz Stock Performance

KHC traded down $0.11 during trading hours on Thursday, hitting $30.19. The stock had a trading volume of 10,889,117 shares, compared to its average volume of 10,585,299. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The company's fifty day simple moving average is $29.87 and its 200 day simple moving average is $32.18. The stock has a market cap of $36.08 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.30%. Kraft Heinz's dividend payout ratio is currently 70.80%.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.