Nomura Asset Management Co. Ltd. Sells 23,713 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Nomura Asset Management Co. Ltd. decreased its position in The Kraft Heinz Company (NASDAQ:KHC) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 329,716 shares of the company’s stock after selling 23,713 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Kraft Heinz were worth $10,126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KHC. New York Life Investment Management LLC lifted its holdings in shares of Kraft Heinz by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock worth $3,995,000 after buying an additional 361 shares during the period. Checchi Capital Advisers LLC lifted its stake in Kraft Heinz by 5.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock worth $223,000 after acquiring an additional 366 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Kraft Heinz by 1.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company’s stock worth $1,097,000 after acquiring an additional 370 shares in the last quarter. Winch Advisory Services LLC increased its position in Kraft Heinz by 20.1% during the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock valued at $70,000 after purchasing an additional 380 shares during the period. Finally, Cohen Investment Advisors LLC raised its holdings in shares of Kraft Heinz by 5.0% in the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock valued at $315,000 after purchasing an additional 487 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 0.6 %

Shares of Kraft Heinz stock opened at $30.24 on Monday. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The firm’s 50 day simple moving average is $29.99 and its two-hundred day simple moving average is $31.69. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $36.14 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a $0.40 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.29%. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KHC. Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $38.00 to $31.00 in a report on Monday, February 10th. Bank of America lowered Kraft Heinz from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Morgan Stanley began coverage on Kraft Heinz in a research report on Monday, March 24th. They set an “underweight” rating and a $29.00 price objective on the stock. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Jefferies Financial Group lowered their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.73.

Kraft Heinz 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.