Asset Management One Co. Ltd. Increases Stock Position in Kraft Heinz Company $KHC

Asset Management One Co. Ltd. increased its holdings in Kraft Heinz Company (NASDAQ:KHC) by 8.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 594,814 shares of the company’s stock after purchasing an additional 47,843 shares during the quarter. Asset Management One Co. Ltd. owned 0.05% of Kraft Heinz worth $15,489,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in KHC. STF Management LP lifted its position in Kraft Heinz by 2.1% during the second quarter. STF Management LP now owns 18,475 shares of the company’s stock worth $477,000 after buying an additional 374 shares in the last quarter. Bill Few Associates Inc. increased its stake in shares of Kraft Heinz by 0.6% in the 2nd quarter. Bill Few Associates Inc. now owns 88,026 shares of the company’s stock worth $2,273,000 after acquiring an additional 516 shares during the last quarter. Silverlake Wealth Management LLC boosted its position in shares of Kraft Heinz by 3.4% during the 2nd quarter. Silverlake Wealth Management LLC now owns 16,021 shares of the company’s stock valued at $414,000 after acquiring an additional 530 shares during the last quarter. Sittner & Nelson LLC grew its holdings in shares of Kraft Heinz by 11.0% in the second quarter. Sittner & Nelson LLC now owns 5,550 shares of the company’s stock valued at $143,000 after purchasing an additional 550 shares during the period. Finally, Wedmont Private Capital increased its position in Kraft Heinz by 5.7% during the third quarter. Wedmont Private Capital now owns 10,753 shares of the company’s stock worth $273,000 after purchasing an additional 584 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Shares of KHC opened at $23.51 on Wednesday. Kraft Heinz Company has a 1 year low of $23.46 and a 1 year high of $33.35. The stock has a 50-day simple moving average of $24.56 and a 200-day simple moving average of $25.96. The stock has a market capitalization of $27.83 billion, a PE ratio of -6.30 and a beta of 0.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.13.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Friday, July 8th. The company reported $0.72 earnings per share (EPS) for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The business had revenue of $6.39 billion during the quarter. On average, analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, November 28th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Friday, November 28th. Kraft Heinz’s payout ratio is presently -42.90%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KHC. Mizuho decreased their target price on shares of Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Jefferies Financial Group reiterated a “hold” rating on shares of Kraft Heinz in a report on Tuesday, December 16th. Barclays lowered their price objective on Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Evercore ISI reduced their target price on Kraft Heinz from $30.00 to $28.00 and set an “in-line” rating on the stock in a research report on Thursday, October 30th. Finally, HSBC lowered their price target on Kraft Heinz from $29.00 to $27.00 in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kraft Heinz has an average rating of “Reduce” and an average target price of $26.63.

Insider Activity at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the sale, the insider directly owned 686,817 shares of the company’s stock, valued at approximately $17,046,797.94. This represents a 15.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.