Daiwa Securities Group Inc. raised its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 10.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,761 shares of the company’s stock after purchasing an additional 2,115 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Kraft Heinz were worth $1,254,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in Kraft Heinz by 15.2% in the first quarter. Principal Financial Group Inc. now owns 2,612,932 shares of the company’s stock valued at $162,759,000 after buying an additional 345,034 shares during the last quarter. FormulaFolio Investments LLC bought a new position in shares of Kraft Heinz during the second quarter valued at approximately $257,000. Manning & Napier Group LLC bought a new position in shares of Kraft Heinz during the second quarter valued at approximately $10,947,000. Atria Investments LLC grew its holdings in shares of Kraft Heinz by 50.7% during the second quarter. Atria Investments LLC now owns 9,670 shares of the company’s stock valued at $607,000 after purchasing an additional 3,252 shares during the last quarter. Finally, Nwam LLC bought a new position in shares of Kraft Heinz during the second quarter valued at approximately $203,000. 63.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ KHC opened at $53.99 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.57. The company has a market cap of $65.01 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 2.37 and a beta of 0.45. Kraft Heinz Co has a 12-month low of $50.41 and a 12-month high of $82.48.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.31 billion. Kraft Heinz had a return on equity of 6.62% and a net margin of 39.56%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. On average, analysts predict that Kraft Heinz Co will post 3.65 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 16th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $2.50 annualized dividend and a dividend yield of 4.63%. Kraft Heinz’s dividend payout ratio is presently 70.42%.

KHC has been the subject of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 target price on shares of Kraft Heinz in a report on Tuesday, August 7th. Bank of America set a $85.00 target price on Kraft Heinz and gave the company a “buy” rating in a report on Monday, August 6th. Piper Jaffray Companies set a $62.00 target price on Kraft Heinz and gave the company a “buy” rating in a report on Friday, November 2nd. UBS Group set a $65.00 target price on Kraft Heinz and gave the company a “buy” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Five research analysts have rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $67.09.

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Kraft Heinz Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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

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