Daiwa Securities Group Inc. Has $6.12 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Daiwa Securities Group Inc. boosted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 199,276 shares of the company’s stock after purchasing an additional 11,999 shares during the period. Daiwa Securities Group Inc.’s holdings in Kraft Heinz were worth $6,120,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Assetmark Inc. increased its position in Kraft Heinz by 1.1% during the 3rd quarter. Assetmark Inc. now owns 97,462 shares of the company’s stock worth $3,422,000 after purchasing an additional 1,070 shares in the last quarter. Atria Investments Inc grew its stake in shares of Kraft Heinz by 36.3% during the third quarter. Atria Investments Inc now owns 41,959 shares of the company’s stock worth $1,473,000 after buying an additional 11,185 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Kraft Heinz by 1.7% during the third quarter. Crossmark Global Holdings Inc. now owns 58,460 shares of the company’s stock worth $2,053,000 after buying an additional 970 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Kraft Heinz in the 3rd quarter valued at $27,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Kraft Heinz by 43.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,948 shares of the company’s stock valued at $104,000 after acquiring an additional 894 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

KHC has been the subject of several research reports. Evercore ISI reiterated an “in-line” rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Stifel Nicolaus cut their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $34.00 to $28.00 in a report on Thursday, February 13th. Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $38.00 to $31.00 in a report on Monday, February 10th. Finally, Piper Sandler decreased their price objective on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.86.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $30.30 on Thursday. The company has a market cap of $36.21 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The firm has a 50 day moving average of $29.88 and a 200-day moving average of $32.20. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s payout ratio is 70.80%.

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.