The Kraft Heinz Company (NASDAQ:KHC) Holdings Lifted by Clifford Capital Partners LLC

Clifford Capital Partners LLC increased its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 21.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 454,884 shares of the company’s stock after acquiring an additional 80,101 shares during the period. Kraft Heinz comprises about 3.2% of Clifford Capital Partners LLC’s holdings, making the stock its 16th largest holding. Clifford Capital Partners LLC’s holdings in Kraft Heinz were worth $14,656,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Shell Asset Management Co. lifted its holdings in shares of Kraft Heinz by 251.3% during the 4th quarter. Shell Asset Management Co. now owns 33,829 shares of the company’s stock valued at $1,251,000 after buying an additional 24,199 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Kraft Heinz by 120.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 137,353 shares of the company’s stock valued at $5,079,000 after acquiring an additional 75,149 shares during the last quarter. Bridgewater Associates LP grew its position in Kraft Heinz by 7.7% in the fourth quarter. Bridgewater Associates LP now owns 1,661,700 shares of the company’s stock worth $61,450,000 after acquiring an additional 118,260 shares in the last quarter. Lazard Asset Management LLC increased 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 worth $74,053,000 after purchasing an additional 234,783 shares during the last quarter. Finally, Smith Thornton Advisors LLC bought a new position in shares of Kraft Heinz during the 2nd quarter valued at $654,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KHC has been the subject of several recent analyst reports. Piper Sandler decreased their price target on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Thursday, June 20th. Wells Fargo & Company increased their price target on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. The Goldman Sachs Group assumed coverage on shares of Kraft Heinz in a research note on Monday, August 12th. They issued a “sell” rating and a $34.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered their target price 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.45.

Insider Buying and Selling

In related news, insider Cory Onell sold 4,076 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the sale, the insider now owns 143,970 shares of the company’s stock, valued at $5,182,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by insiders.

Kraft Heinz Price Performance

KHC opened at $35.17 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 1.01. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $38.96. The company has a fifty day moving average price of $35.06 and a two-hundred day moving average price of $35.06. The firm has a market capitalization of $42.71 billion, a PE ratio of 15.36, a P/E/G ratio of 3.39 and a beta of 0.49.

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

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a $0.40 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.55%. Kraft Heinz’s payout ratio is 69.87%.

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.