The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,735 shares of the company’s stock after purchasing an additional 370 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Kraft Heinz were worth $1,097,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sawyer & Company Inc acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new stake in Kraft Heinz in the 4th quarter valued at $26,000. Mountain Hill Investment Partners Corp. acquired a new position in Kraft Heinz during the fourth quarter worth $29,000. Larson Financial Group LLC lifted its holdings in Kraft Heinz by 191.0% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after purchasing an additional 636 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at about $34,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $29.69 on Thursday. The firm has a 50 day simple moving average of $29.95 and a 200-day simple moving average of $31.79. The stock has a market cap of $35.48 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. On average, analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday, February 13th. UBS Group decreased their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. StockNews.com upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Stifel Nicolaus decreased their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. Finally, Piper Sandler dropped their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to data from MarketBeat.com, Kraft Heinz has a consensus rating of “Hold” and a consensus price target of $30.73.

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.