Thompson Siegel & Walmsley LLC Has $3.62 Million Stake in The Kraft Heinz Company (KHC)
Thompson Siegel & Walmsley LLC reduced its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,254 shares of the company’s stock after selling 200 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in The Kraft Heinz were worth $3,619,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Community Bank & Trust Waco Texas boosted its position in shares of The Kraft Heinz by 5.6% in the 2nd quarter. Community Bank & Trust Waco Texas now owns 12,520 shares of the company’s stock valued at $1,072,000 after purchasing an additional 660 shares during the period. Pinnacle Associates Ltd. raised its stake in The Kraft Heinz by 4.5% during the 2nd quarter. Pinnacle Associates Ltd. now owns 31,783 shares of the company’s stock valued at $2,722,000 after acquiring an additional 1,381 shares during the last quarter. Alerus Financial NA raised its stake in The Kraft Heinz by 14.8% during the 2nd quarter. Alerus Financial NA now owns 9,893 shares of the company’s stock valued at $847,000 after acquiring an additional 1,274 shares during the last quarter. Sawtooth Solutions LLC raised its stake in The Kraft Heinz by 1.2% during the 2nd quarter. Sawtooth Solutions LLC now owns 8,519 shares of the company’s stock valued at $730,000 after acquiring an additional 101 shares during the last quarter. Finally, Cedar Capital LLC raised its stake in The Kraft Heinz by 17.6% during the 2nd quarter. Cedar Capital LLC now owns 3,453 shares of the company’s stock valued at $296,000 after acquiring an additional 518 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
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A number of brokerages have recently issued reports on KHC. BidaskClub downgraded The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $99.00 price objective (down from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $91.00 price objective (down from $99.00) on shares of The Kraft Heinz in a research note on Monday, July 10th. Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, July 29th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. The Kraft Heinz has an average rating of “Buy” and a consensus price target of $95.53.
The Kraft Heinz Company (NASDAQ KHC) opened at 77.74 on Friday. The stock’s 50 day moving average price is $79.13 and its 200 day moving average price is $82.29. The firm has a market capitalization of $94.71 billion, a P/E ratio of 24.92 and a beta of 0.44. The Kraft Heinz Company has a 12 month low of $76.76 and a 12 month high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, analysts forecast that The Kraft Heinz Company will post $3.24 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.22%. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio is currently 79.87%.
The Kraft Heinz Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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