Resona Asset Management Co. Ltd. acquired a new position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 371,315 shares of the company's stock, valued at approximately $11,402,000.
Several other large investors have also made changes to their positions in KHC. Landscape Capital Management L.L.C. increased its holdings in shares of Kraft Heinz by 458.7% during the 4th quarter. Landscape Capital Management L.L.C. now owns 64,106 shares of the company's stock worth $1,969,000 after purchasing an additional 52,632 shares during the period. Arete Wealth Advisors LLC increased its holdings in shares of Kraft Heinz by 22.6% during the fourth quarter. Arete Wealth Advisors LLC now owns 7,375 shares of the company's stock worth $226,000 after buying an additional 1,360 shares in the last quarter. World Investment Advisors raised its position in Kraft Heinz by 61.5% in the 4th quarter. World Investment Advisors now owns 14,311 shares of the company's stock valued at $440,000 after purchasing an additional 5,450 shares during the last quarter. Bryce Point Capital LLC acquired a new position in Kraft Heinz during the 4th quarter worth $818,000. Finally, Perritt Capital Management Inc bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $483,000. Institutional investors and hedge funds own 78.17% of the company's stock.
Kraft Heinz Stock Performance
Kraft Heinz stock traded up $0.31 during midday trading on Friday, reaching $29.15. 2,804,854 shares of the company's stock were exchanged, compared to its average volume of 8,997,286. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The firm has a market cap of $34.79 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 3.39 and a beta of 0.44. The stock's 50-day simple moving average is $29.94 and its 200 day simple moving average is $31.29. 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 earnings results on Wednesday, February 12th. The company reported $0.84 EPS 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%. On average, analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.
Kraft Heinz Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz's dividend payout ratio is presently 70.80%.
Analyst Ratings Changes
A number of brokerages recently weighed in on KHC. Mizuho downgraded shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their price target for the company from $38.00 to $31.00 in a research report on Monday, February 10th. StockNews.com raised Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. Bank of America lowered Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their price target for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Stifel Nicolaus dropped their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lowered their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Four investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $30.67.
Check Out Our Latest Research Report on Kraft Heinz
Kraft Heinz Profile
(
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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