Nomura Asset Management Co. Ltd. boosted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,883 shares of the company’s stock after buying an additional 795 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in The Kraft Heinz Company were worth $7,687,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in KHC. American International Group Inc. raised its stake in shares of The Kraft Heinz Company by 1.4% in the third quarter. American International Group Inc. now owns 324,208 shares of the company’s stock valued at $29,020,000 after buying an additional 4,559 shares in the last quarter. Suntrust Banks Inc. raised its stake in shares of The Kraft Heinz Company by 67.0% in the third quarter. Suntrust Banks Inc. now owns 626,052 shares of the company’s stock valued at $56,037,000 after buying an additional 251,139 shares in the last quarter. WestEnd Advisors LLC purchased a new stake in shares of The Kraft Heinz Company during the second quarter valued at about $97,332,000. BB&T Corp raised its stake in shares of The Kraft Heinz Company by 3.3% in the second quarter. BB&T Corp now owns 179,104 shares of the company’s stock valued at $15,848,000 after buying an additional 5,659 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of The Kraft Heinz Company by 28.5% in the second quarter. SG Americas Securities LLC now owns 177,614 shares of the company’s stock valued at $15,715,000 after buying an additional 39,342 shares in the last quarter. Institutional investors and hedge funds own 60.70% of the company’s stock.

Institutional Ownership by Quarter for The Kraft Heinz Company (NASDAQ:KHC)

Shares of The Kraft Heinz Company (NASDAQ:KHC) traded down 0.54% during midday trading on Friday, hitting $86.95. The stock had a trading volume of 331,073 shares. The Kraft Heinz Company has a 1-year low of $68.18 and a 1-year high of $90.54. The firm has a market capitalization of $105.84 billion, a PE ratio of 38.27 and a beta of 0.42. The company’s 50 day moving average price is $84.61 and its 200-day moving average price is $86.93.

The Kraft Heinz Company (NASDAQ:KHC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.74 by $0.09. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $4.70 billion. The Kraft Heinz Company had a net margin of 10.44% and a return on equity of 6.40%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. Equities analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Friday, December 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $2.40 annualized dividend and a yield of 2.75%. The Kraft Heinz Company’s dividend payout ratio is currently 105.26%.

COPYRIGHT VIOLATION WARNING: “Nomura Asset Management Co. Ltd. Purchases 795 Shares of The Kraft Heinz Company (KHC)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another website, it was stolen and republished in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at http://www.watchlistnews.com/nomura-asset-management-co-ltd-purchases-795-shares-of-the-kraft-heinz-company-khc/1059860.html.

KHC has been the subject of several recent research reports. Sanford C. Bernstein reiterated a “top pick” rating and set a $109.00 price objective on shares of The Kraft Heinz Company in a report on Friday, January 6th. J P Morgan Chase & Co reissued a “focus list” rating on shares of The Kraft Heinz Company in a research report on Tuesday, October 4th. Vetr raised shares of The Kraft Heinz Company from a “buy” rating to a “strong-buy” rating and set a $98.22 target price on the stock in a research report on Thursday, October 6th. Susquehanna increased their target price on shares of The Kraft Heinz Company from $114.00 to $118.00 and gave the stock a “positive” rating in a research report on Monday, October 31st. Finally, Deutsche Bank AG reissued a “buy” rating on shares of The Kraft Heinz Company in a research report on Monday, October 31st. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $98.59.

The Kraft Heinz Company Company Profile

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

5 Day Chart for NASDAQ:KHC

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kraft Heinz Company (NASDAQ:KHC).

Receive News & Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related companies with Analyst Ratings Network's FREE daily email newsletter.