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

Thompson Siegel & Walmsley LLC lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 96.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,858,253 shares of the company’s stock after purchasing an additional 1,403,220 shares during the period. Kraft Heinz makes up approximately 1.4% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 8th biggest position. Thompson Siegel & Walmsley LLC’s holdings in Kraft Heinz were worth $87,777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sawyer & Company Inc purchased a new position in Kraft Heinz in the 4th quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in shares of Kraft Heinz during the 3rd quarter valued at about $27,000. Larson Financial Group LLC boosted its holdings in shares of Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after purchasing an additional 636 shares during the last quarter. R Squared Ltd bought a new position in shares of Kraft Heinz in the 4th quarter valued at about $34,000. Finally, OFI Invest Asset Management bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on KHC shares. Evercore ISI reaffirmed an “in-line” rating and issued a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. TD Cowen dropped their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Finally, Barclays reduced their price objective on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.86.

Kraft Heinz Trading Down 2.6 %

Shares of NASDAQ:KHC opened at $30.30 on Thursday. The firm has a fifty day moving average of $29.88 and a two-hundred day moving average of $32.20. The firm has a market capitalization of $36.21 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last announced 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 net margin of 10.62% and a return on equity of 7.58%. On average, equities analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend is Friday, March 7th. 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.