Nomura Asset Management Co. Ltd. Sells 23,713 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Nomura Asset Management Co. Ltd. decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 329,716 shares of the company’s stock after selling 23,713 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Kraft Heinz were worth $10,126,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Brookstone Capital Management raised its position in shares of Kraft Heinz by 229.8% during the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock valued at $10,530,000 after purchasing an additional 238,913 shares during the period. Toronto Dominion Bank raised its holdings in Kraft Heinz by 12.6% during the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock valued at $17,132,000 after acquiring an additional 54,656 shares during the period. Nordea Investment Management AB lifted its position in shares of Kraft Heinz by 16.3% in the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after acquiring an additional 1,238,200 shares in the last quarter. FLC Capital Advisors boosted its stake in shares of Kraft Heinz by 121.0% in the fourth quarter. FLC Capital Advisors now owns 18,653 shares of the company’s stock worth $573,000 after acquiring an additional 10,214 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Kraft Heinz by 511.7% during the fourth quarter. SG Americas Securities LLC now owns 42,706 shares of the company’s stock worth $1,312,000 after purchasing an additional 35,725 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $30.24 on Monday. The company has a market cap of $36.14 billion, a P/E ratio of 13.38, a P/E/G ratio of 3.39 and a beta of 0.40. The business’s 50 day moving average price is $29.99 and its 200-day moving average price is $31.69. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last released 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 net margin of 10.62% and a return on equity of 7.58%. Sell-side analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.29%. Kraft Heinz’s dividend payout ratio is 70.80%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KHC. Jefferies Financial Group dropped their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Stifel Nicolaus cut their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Barclays cut their price objective on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Finally, TD Cowen decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Based on data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and a consensus target price 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.