Thompson Siegel & Walmsley LLC Purchases 6,783 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Thompson Siegel & Walmsley LLC increased its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 2.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 298,321 shares of the company’s stock after purchasing an additional 6,783 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Kraft Heinz were worth $9,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in KHC. Steward Partners Investment Solutions LLC purchased a new position in shares of Kraft Heinz during the 4th quarter valued at $25,000. New Covenant Trust Company N.A. bought a new position in Kraft Heinz in the 1st quarter worth about $27,000. Asset Dedication LLC raised its holdings in shares of Kraft Heinz by 94.8% in the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after acquiring an additional 476 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Kraft Heinz during the 4th quarter valued at about $38,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of Kraft Heinz during the second quarter worth about $34,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 1.1 %

KHC stock opened at $35.59 on Monday. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $38.96. The company has a market capitalization of $43.03 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 3.43 and a beta of 0.49. The business’s 50 day moving average price is $34.49 and its two-hundred day moving average price is $35.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 1.01.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.05. The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.55 billion. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. As a group, analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 4.50%. Kraft Heinz’s payout ratio is 69.87%.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $36.00, for a total value of $146,736.00. Following the sale, the insider now owns 143,970 shares in the company, valued at $5,182,920. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KHC has been the topic of a number of recent analyst reports. Piper Sandler lowered their target price on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, June 20th. Bank of America lowered their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Citigroup cut their target price on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. The Goldman Sachs Group started coverage on Kraft Heinz in a research report on Monday, August 12th. They set a “sell” rating and a $34.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.50.

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.