The Kraft Heinz Company (NASDAQ:KHC) is Thompson Siegel & Walmsley LLC’s 8th Largest Position

Thompson Siegel & Walmsley LLC raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 96.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,858,253 shares of the company’s stock after purchasing an additional 1,403,220 shares during the quarter. Kraft Heinz comprises 1.4% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 8th biggest position. Thompson Siegel & Walmsley LLC owned approximately 0.24% of Kraft Heinz worth $87,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Kraft Heinz by 11.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock worth $186,350,000 after acquiring an additional 545,504 shares during the period. Banque Cantonale Vaudoise increased its position in Kraft Heinz by 52.5% during the third quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock worth $5,988,000 after purchasing an additional 58,665 shares during the last quarter. Brookstone Capital Management increased its position in Kraft Heinz by 229.8% during the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock worth $10,530,000 after purchasing an additional 238,913 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Kraft Heinz by 12.6% during the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock valued at $17,132,000 after acquiring an additional 54,656 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Kraft Heinz by 16.3% during 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 last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KHC. Jefferies Financial Group dropped their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday. The Goldman Sachs Group reduced their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. 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 report on Thursday, January 16th. Finally, Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their target price for the company from $34.00 to $28.00 in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Trading Down 2.6 %

NASDAQ KHC opened at $30.30 on Thursday. The stock’s 50-day moving average is $29.88 and its 200-day moving average is $32.20. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The firm has a market cap of $36.21 billion, a P/E ratio of 13.41, a P/E/G ratio of 3.39 and a beta of 0.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results 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 return on equity of 7.58% and a net margin of 10.62%. Sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.28%. Kraft Heinz’s dividend payout ratio is currently 70.80%.

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.