Tompkins Financial Corp Has $67,000 Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Tompkins Financial Corp lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 175.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,174 shares of the company’s stock after purchasing an additional 1,384 shares during the quarter. Tompkins Financial Corp’s holdings in Kraft Heinz were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of KHC. Hotchkis & Wiley Capital Management LLC bought a new position in Kraft Heinz during the third quarter worth about $411,304,000. State Street Corp raised its holdings in shares of Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after buying an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Kraft Heinz by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after buying an additional 1,944,019 shares during the period. Dimensional Fund Advisors LP boosted its stake in Kraft Heinz by 47.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock valued at $178,379,000 after buying an additional 1,778,263 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in 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 during the period. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Up 1.0 %

NASDAQ KHC opened at $29.27 on Friday. 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 52 week low of $28.37 and a 52 week high of $38.96. The stock has a market capitalization of $35.39 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 3.29 and a beta of 0.48. The stock has a fifty day moving average of $30.87 and a 200-day moving average of $33.22.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The firm had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same period in the previous year, the business posted $0.72 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that The Kraft Heinz Company will post 3 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Friday, November 29th. Kraft Heinz’s payout ratio is 144.14%.

Insider Activity

In other Kraft Heinz 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 shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Evercore ISI reaffirmed an “in-line” rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. UBS Group decreased their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday. Piper Sandler reiterated a “neutral” rating and issued a $35.00 target price (down previously from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. The Goldman Sachs Group decreased their price target on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $35.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and an average target price of $35.23.

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.