Nomura Asset Management Co. Ltd. decreased its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 329,716 shares of the company's stock after selling 23,713 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Kraft Heinz were worth $10,126,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in KHC. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz in the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new position in shares of Kraft Heinz in the 4th quarter valued at approximately $26,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Kraft Heinz in the 4th quarter valued at approximately $29,000. Larson Financial Group LLC boosted its stake in shares of Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company's stock valued at $34,000 after buying an additional 636 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Kraft Heinz in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 78.17% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on KHC shares. Piper Sandler reduced their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Mizuho downgraded Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. Barclays lowered their price objective on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Morgan Stanley assumed coverage on Kraft Heinz in a report on Monday, March 24th. They set an "underweight" rating and a $29.00 target price on the stock. Finally, Wells Fargo & Company lowered their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. According to MarketBeat.com, Kraft Heinz currently has an average rating of "Hold" and a consensus target price of $30.73.
Check Out Our Latest Stock Report on KHC
Kraft Heinz Stock Performance
Shares of Kraft Heinz stock traded up $0.79 during trading on Thursday, hitting $30.92. 7,340,846 shares of the stock were exchanged, compared to its average volume of 8,781,125. The stock has a market cap of $36.89 billion, a PE ratio of 13.66, a P/E/G ratio of 3.39 and a beta of 0.44. The stock's fifty day moving average is $30.05 and its 200 day moving average is $31.60. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.
Kraft Heinz Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a $0.40 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.18%. Kraft Heinz's payout ratio is 70.80%.
Kraft Heinz Company Profile
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Free Report)
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.
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