Asset Management One Co. Ltd. Has $19.91 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Asset Management One Co. Ltd. increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 567,075 shares of the company’s stock after acquiring an additional 13,688 shares during the period. Asset Management One Co. Ltd.’s holdings in Kraft Heinz were worth $19,910,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KHC. New Covenant Trust Company N.A. bought a new position in shares of Kraft Heinz during the first quarter worth approximately $27,000. Fortitude Family Office LLC boosted its position in shares of Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after acquiring an additional 529 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its stake in Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after acquiring an additional 797 shares during the last quarter. Bangor Savings Bank acquired a new position in Kraft Heinz during the third quarter valued at approximately $32,000. Finally, Asset Dedication LLC increased its stake in shares of Kraft Heinz by 94.8% in the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after purchasing an additional 476 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Up 0.4 %

Shares of NASDAQ:KHC opened at $33.51 on Wednesday. The company has a market cap of $40.52 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 3.82 and a beta of 0.49. The Kraft Heinz Company has a one year low of $31.58 and a one year high of $38.96. The firm has a fifty day moving average price of $35.05 and a two-hundred day moving average price of $34.75. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be issued a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 4.77%. Kraft Heinz’s dividend payout ratio is currently 144.14%.

Analyst Ratings Changes

A number of brokerages have recently commented on KHC. The Goldman Sachs Group dropped their price target on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company upped their price target on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Barclays decreased their target price on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their target price for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their target price on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and a consensus price target of $37.25.

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.