Thompson Siegel & Walmsley LLC Purchases 1,156,712 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Thompson Siegel & Walmsley LLC lifted its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 387.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,455,033 shares of the company’s stock after buying an additional 1,156,712 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Kraft Heinz were worth $51,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in KHC. Landscape Capital Management L.L.C. purchased a new position in shares of Kraft Heinz during the 3rd quarter worth $403,000. Intech Investment Management LLC lifted its position in Kraft Heinz by 23.9% during the third quarter. Intech Investment Management LLC now owns 245,645 shares of the company’s stock valued at $8,625,000 after purchasing an additional 47,345 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Kraft Heinz by 8.6% during the third quarter. First Horizon Advisors Inc. now owns 464,351 shares of the company’s stock valued at $16,303,000 after purchasing an additional 36,877 shares during the period. Advisors Asset Management Inc. increased its position in Kraft Heinz by 232.8% in the third quarter. Advisors Asset Management Inc. now owns 54,514 shares of the company’s stock worth $1,914,000 after buying an additional 38,132 shares in the last quarter. Finally, Commerce Bank raised its stake in shares of Kraft Heinz by 1.4% in the third quarter. Commerce Bank now owns 43,971 shares of the company’s stock worth $1,544,000 after buying an additional 623 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KHC shares. JPMorgan Chase & Co. reduced their target price on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Wells Fargo & Company upped their price objective on Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Piper Sandler reissued a “neutral” rating and set a $35.00 target price (down previously from $40.00) on shares of Kraft Heinz in a research note on Tuesday. Evercore ISI dropped their price target on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and reduced their price objective for the company from $40.00 to $38.00 in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.55.

Kraft Heinz Trading Up 1.0 %

Shares of KHC opened at $30.88 on Thursday. The stock has a market capitalization of $37.34 billion, a PE ratio of 27.82, a P/E/G ratio of 3.49 and a beta of 0.49. The company’s fifty day moving average is $34.24 and its 200 day moving average is $34.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The Kraft Heinz Company has a fifty-two week low of $30.40 and a fifty-two week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the previous year, the firm posted $0.72 EPS. The business’s quarterly revenue was down 2.8% on a year-over-year basis. Sell-side analysts expect that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Friday, November 29th. Kraft Heinz’s payout ratio is 144.14%.

Insider Transactions at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the transaction, the executive vice president now owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.32% of the company’s stock.

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.