Daiwa Securities Group Inc. Purchases 23,374 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Daiwa Securities Group Inc. lifted its position in The Kraft Heinz Company (NASDAQ:KHC) by 14.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 187,277 shares of the company’s stock after acquiring an additional 23,374 shares during the period. Daiwa Securities Group Inc.’s holdings in Kraft Heinz were worth $6,575,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KHC. Janus Henderson Group PLC lifted its holdings in shares of Kraft Heinz by 24.5% in the 1st quarter. Janus Henderson Group PLC now owns 119,079 shares of the company’s stock worth $4,391,000 after acquiring an additional 23,432 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Kraft Heinz by 14.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 20,176 shares of the company’s stock worth $679,000 after acquiring an additional 2,548 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Kraft Heinz by 2.2% during the 1st quarter. California State Teachers Retirement System now owns 1,436,242 shares of the company’s stock valued at $52,997,000 after buying an additional 30,649 shares in the last quarter. Tidal Investments LLC lifted its holdings in Kraft Heinz by 14.2% during the 1st quarter. Tidal Investments LLC now owns 74,901 shares of the company’s stock valued at $2,763,000 after buying an additional 9,327 shares in the last quarter. Finally, KLCM Advisors Inc. lifted its holdings in Kraft Heinz by 7.3% during the 1st quarter. KLCM Advisors Inc. now owns 68,456 shares of the company’s stock valued at $2,526,000 after buying an additional 4,675 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Up 0.7 %

Shares of Kraft Heinz stock opened at $32.02 on Tuesday. The firm’s 50 day moving average price is $34.01 and its 200-day moving average price is $34.22. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a 52-week low of $30.40 and a 52-week high of $38.96. The company has a market cap of $38.72 billion, a P/E ratio of 28.85, a PEG ratio of 3.63 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. On average, sell-side analysts predict that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.00%. The ex-dividend date is Friday, November 29th. Kraft Heinz’s dividend payout ratio is presently 144.14%.

Insiders Place Their Bets

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the completion of the sale, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KHC shares. Citigroup decreased their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. The Goldman Sachs Group decreased their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price objective for the company from $40.00 to $38.00 in a report on Friday, October 25th. Evercore ISI decreased their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, Barclays cut their target price on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $36.55.

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.