Daiwa Securities Group Inc. Has $6.58 Million Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Daiwa Securities Group Inc. lifted its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 14.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,277 shares of the company's stock after buying an additional 23,374 shares during the period. Daiwa Securities Group Inc.'s holdings in Kraft Heinz were worth $6,575,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of KHC. Fortitude Family Office LLC raised its stake in Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company's stock valued at $26,000 after buying an additional 529 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Kraft Heinz during the 1st quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Kraft Heinz during the 3rd quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. raised its position in shares of Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company's stock worth $31,000 after purchasing an additional 797 shares during the period. Finally, Asset Dedication LLC raised its position in shares of Kraft Heinz by 94.8% during the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company's stock worth $32,000 after purchasing an additional 476 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KHC. Piper Sandler reiterated a "neutral" rating and set a $35.00 price target (down from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. Citigroup lowered their target price on Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group lowered their target price on Kraft Heinz from $34.00 to $32.00 and set a "sell" rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company raised their target price on Kraft Heinz from $34.00 to $35.00 and gave the company an "equal weight" rating in a research report on Thursday, August 1st. Finally, Evercore ISI lowered their target price on Kraft Heinz from $42.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $36.55.

Insider Activity

In other news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the transaction, the executive vice president now owns 168,195 shares in the company, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.37% of the stock is currently owned by corporate insiders.

Kraft Heinz Price Performance

Shares of KHC traded down $0.05 during trading hours on Tuesday, hitting $31.97. 8,430,889 shares of the company were exchanged, compared to its average volume of 8,017,197. The company has a market capitalization of $38.66 billion, a PE ratio of 28.85, a PEG ratio of 3.63 and a beta of 0.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The firm has a fifty day simple moving average of $34.01 and a 200-day simple moving average of $34.22. The Kraft Heinz Company has a one year low of $30.40 and a one year high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.01. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The company's revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.72 EPS. As a group, sell-side analysts predict that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.00%. Kraft Heinz's dividend payout ratio is 144.14%.

About Kraft Heinz

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.