Nissay Asset Management Corp Japan ADV Has $7.20 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Nissay Asset Management Corp Japan ADV boosted its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 234,652 shares of the company's stock after buying an additional 15,279 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Kraft Heinz were worth $7,199,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KHC. NorthRock Partners LLC grew its holdings in shares of Kraft Heinz by 32.5% during the fourth quarter. NorthRock Partners LLC now owns 250,790 shares of the company's stock valued at $7,702,000 after purchasing an additional 61,527 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Kraft Heinz by 1.3% during the fourth quarter. Nuveen Asset Management LLC now owns 5,348,957 shares of the company's stock valued at $164,266,000 after purchasing an additional 69,895 shares during the last quarter. Occudo Quantitative Strategies LP grew its holdings in shares of Kraft Heinz by 638.3% during the fourth quarter. Occudo Quantitative Strategies LP now owns 55,270 shares of the company's stock valued at $1,697,000 after purchasing an additional 47,784 shares during the last quarter. OMERS ADMINISTRATION Corp grew its holdings in shares of Kraft Heinz by 21.5% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 36,189 shares of the company's stock valued at $1,111,000 after purchasing an additional 6,392 shares during the last quarter. Finally, Measured Risk Portfolios Inc. bought a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $1,774,000. 78.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KHC shares. Wells Fargo & Company reduced their price objective on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus reduced their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. StockNews.com upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Barclays cut their target price 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. Four analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $30.65.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC traded up $0.14 on Monday, reaching $27.88. 9,661,065 shares of the company traded hands, compared to its average volume of 9,252,656. The Kraft Heinz Company has a fifty-two week low of $27.14 and a fifty-two week high of $36.53. The company's 50 day moving average is $29.22 and its 200-day moving average is $30.15. The stock has a market capitalization of $33.00 billion, a PE ratio of 12.34, a P/E/G ratio of 3.39 and a beta of 0.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. The company had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. As a group, analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.74%. Kraft Heinz's payout ratio is currently 73.06%.

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.