Oakworth Capital Inc. Raises Position in The Kraft Heinz Company (NASDAQ:KHC)

Oakworth Capital Inc. increased its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 372.0% during the third quarter, Holdings Channel.com reports. The firm owned 1,501 shares of the company’s stock after acquiring an additional 1,183 shares during the quarter. Oakworth Capital Inc.’s holdings in Kraft Heinz were worth $53,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Clifford Capital Partners LLC grew its holdings in Kraft Heinz by 21.4% in the 2nd quarter. Clifford Capital Partners LLC now owns 454,884 shares of the company’s stock worth $14,656,000 after acquiring an additional 80,101 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Kraft Heinz by 13.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,006,917 shares of the company’s stock valued at $74,053,000 after purchasing an additional 234,783 shares in the last quarter. Smith Thornton Advisors LLC bought a new stake in shares of Kraft Heinz during the 2nd quarter valued at about $654,000. MBB Public Markets I LLC bought a new stake in shares of Kraft Heinz during the 2nd quarter valued at about $2,001,000. Finally, Sei Investments Co. boosted its stake in shares of Kraft Heinz by 12.8% during the 2nd quarter. Sei Investments Co. now owns 760,222 shares of the company’s stock valued at $24,495,000 after purchasing an additional 86,311 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 0.4 %

Shares of KHC opened at $35.64 on Wednesday. The company has a market cap of $43.28 billion, a P/E ratio of 15.56, a P/E/G ratio of 3.39 and a beta of 0.49. The Kraft Heinz Company has a twelve month low of $31.08 and a twelve month high of $38.96. The company’s fifty day simple moving average is $35.25 and its 200-day simple moving average is $34.92. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 EPS 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 the consensus estimate of $6.55 billion. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The firm’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 EPS. As a group, analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend was Friday, August 30th. Kraft Heinz’s payout ratio is 69.87%.

Insiders Place Their Bets

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $36.00, for a total transaction of $146,736.00. Following the transaction, the insider now directly owns 143,970 shares in the company, valued at $5,182,920. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

KHC has been the topic of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Barclays boosted their price objective on shares of Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Wells Fargo & Company boosted their price objective on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Evercore ISI dropped their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $37.55.

Kraft Heinz Company 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.