Asset Management One Co. Ltd. Has $14.12 Million Stock Position in Kraft Heinz Company $KHC

Asset Management One Co. Ltd. lowered its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 546,971 shares of the company’s stock after selling 2,770 shares during the period. Asset Management One Co. Ltd.’s holdings in Kraft Heinz were worth $14,123,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KHC. GAMMA Investing LLC grew its stake in Kraft Heinz by 28.1% during the first quarter. GAMMA Investing LLC now owns 15,794 shares of the company’s stock worth $481,000 after purchasing an additional 3,468 shares during the period. Golden State Wealth Management LLC boosted its holdings in Kraft Heinz by 115.5% in the first quarter. Golden State Wealth Management LLC now owns 1,554 shares of the company’s stock worth $47,000 after acquiring an additional 833 shares in the last quarter. Western Wealth Management LLC bought a new position in Kraft Heinz in the first quarter worth approximately $260,000. Transcend Capital Advisors LLC boosted its holdings in Kraft Heinz by 5.9% in the first quarter. Transcend Capital Advisors LLC now owns 10,856 shares of the company’s stock worth $330,000 after acquiring an additional 607 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new position in Kraft Heinz in the first quarter worth approximately $231,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

KHC has been the topic of several recent research reports. Jefferies Financial Group cut their price target on Kraft Heinz from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, October 15th. UBS Group cut their price target on Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft cut their price target on Kraft Heinz from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, October 13th. DZ Bank upgraded Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Finally, Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $28.65.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $25.25 on Monday. The business’s fifty day simple moving average is $26.33 and its 200 day simple moving average is $27.11. The firm has a market capitalization of $29.89 billion, a P/E ratio of -5.62, a price-to-earnings-growth ratio of 2.96 and a beta of 0.16. Kraft Heinz Company has a 12 month low of $24.80 and a 12 month high of $35.17. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Friday, July 8th. The company reported $0.72 EPS for the quarter. The business had revenue of $6.39 billion for the quarter. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. As a group, analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Friday, August 29th. Kraft Heinz’s dividend payout ratio (DPR) is -35.63%.

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.