The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 35,735 shares of the company’s stock after purchasing an additional 370 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Kraft Heinz were worth $1,097,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz during the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new stake in Kraft Heinz during the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. purchased a new position in Kraft Heinz in the 4th quarter valued at approximately $29,000. Larson Financial Group LLC grew its stake in shares of Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after acquiring an additional 636 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Kraft Heinz during the fourth quarter worth $34,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 2.0 %

KHC opened at $29.69 on Thursday. The firm has a market cap of $35.48 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The business’s 50 day moving average is $29.95 and its two-hundred day moving average is $31.79. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last released 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%. On average, research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.39%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KHC. Mizuho lowered Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $38.00 to $31.00 in a report on Monday, February 10th. Barclays cut their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $34.00 to $28.00 in a research note on Thursday, February 13th. UBS Group dropped their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, TD Cowen decreased their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.73.

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.