Kraft Heinz Co (KHC) Position Lowered by Asset Management One Co. Ltd.
Asset Management One Co. Ltd. decreased its stake in Kraft Heinz Co (NASDAQ:KHC) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,010,978 shares of the company’s stock after selling 768 shares during the period. Asset Management One Co. Ltd. owned approximately 0.08% of Kraft Heinz worth $78,448,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Westside Investment Management Inc. raised its position in Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after acquiring an additional 172 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Kraft Heinz by 287.9% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after acquiring an additional 950 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Kraft Heinz during the second quarter worth about $121,000. Blue Chip Partners Inc. raised its position in Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after acquiring an additional 8 shares during the last quarter. Finally, GWM Advisors LLC acquired a new position in Kraft Heinz during the second quarter worth about $137,000. Institutional investors own 62.06% of the company’s stock.
KHC has been the subject of a number of research reports. BMO Capital Markets cut their target price on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. BidaskClub upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup cut their target price on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Piper Jaffray Companies raised shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $92.00 to $90.00 in a research report on Friday, October 6th. Finally, Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $92.49.
Kraft Heinz Co (NASDAQ KHC) opened at $79.54 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The firm has a market cap of $97,590.00 and a P/E ratio of 22.18. Kraft Heinz Co has a 52-week low of $75.21 and a 52-week high of $97.77.
Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 earnings per share. analysts forecast that Kraft Heinz Co will post 3.61 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were issued a $0.625 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.14%. Kraft Heinz’s payout ratio is 77.88%.
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Kraft Heinz 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.
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