Nomura Asset Management Co. Ltd. Has $12.41 Million Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Nomura Asset Management Co. Ltd. boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 353,429 shares of the company's stock after purchasing an additional 22,644 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Kraft Heinz were worth $12,409,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Diversified Trust Co acquired a new stake in shares of Kraft Heinz in the 2nd quarter valued at $307,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Kraft Heinz by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 71,821 shares of the company's stock worth $2,314,000 after acquiring an additional 13,240 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Kraft Heinz by 11.1% during the 2nd quarter. V Square Quantitative Management LLC now owns 6,548 shares of the company's stock valued at $211,000 after acquiring an additional 654 shares during the last quarter. ORG Partners LLC increased its holdings in shares of Kraft Heinz by 3,273.1% during the 2nd quarter. ORG Partners LLC now owns 5,903 shares of the company's stock valued at $188,000 after acquiring an additional 5,728 shares during the last quarter. Finally, Swedbank AB raised its stake in shares of Kraft Heinz by 5.8% in the 2nd quarter. Swedbank AB now owns 725,626 shares of the company's stock valued at $23,380,000 after acquiring an additional 40,045 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Citigroup lowered their price target on Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Barclays lowered their target price on shares of Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, November 1st. Mizuho cut their target price on shares of Kraft Heinz from $43.00 to $41.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and decreased their price target for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Finally, Piper Sandler reiterated a "neutral" rating and issued a $35.00 price objective (down from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $36.55.

Kraft Heinz Stock Performance

Kraft Heinz stock traded up $0.26 during trading hours on Thursday, hitting $31.55. The stock had a trading volume of 9,042,997 shares, compared to its average volume of 8,129,984. The Kraft Heinz Company has a fifty-two week low of $30.40 and a fifty-two week high of $38.96. The company has a market cap of $38.15 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 3.52 and a beta of 0.48. The company has a 50-day moving average of $33.20 and a two-hundred day moving average of $33.85. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz's revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. On average, equities research analysts anticipate that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be paid a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 5.07%. Kraft Heinz's payout ratio is currently 144.14%.

Insider Buying and Selling

In other Kraft Heinz 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 completion of the transaction, the executive vice president now directly owns 168,195 shares of the company's stock, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.37% of the company's stock.

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.