Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,510,291 shares of the company’s stock after purchasing an additional 97,509 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.12% of Kraft Heinz worth $46,230,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz in the fourth quarter worth about $25,000. Generali Investments Management Co LLC bought a new position in Kraft Heinz during the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. purchased a new position in Kraft Heinz in the 4th quarter worth approximately $29,000. Larson Financial Group LLC lifted its position in Kraft Heinz by 191.0% in 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 during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $34,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $30.24 on Friday. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The firm has a market capitalization 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 company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $29.99 and a two-hundred day simple moving average of $31.71.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 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%. On average, equities analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date was Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. TD Cowen lowered their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. UBS Group cut their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley started coverage on Kraft Heinz in a research report on Monday, March 24th. They set an “underweight” rating and a $29.00 price target for the company. Finally, Evercore ISI reiterated an “in-line” rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.73.

About Kraft Heinz

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.