UMB Bank n.a. Raises Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

UMB Bank n.a. raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 32.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,100 shares of the company’s stock after purchasing an additional 999 shares during the quarter. UMB Bank n.a.’s holdings in Kraft Heinz were worth $126,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Sawyer & Company Inc purchased a new stake in Kraft Heinz in the fourth quarter valued at approximately $25,000. Fortitude Family Office LLC increased its stake in shares of Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after acquiring an additional 529 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Kraft Heinz during the third quarter worth $27,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after purchasing an additional 797 shares during the last quarter. Finally, Bangor Savings Bank acquired a new position in Kraft Heinz during the third quarter valued at $32,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the sale, the executive vice president now owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by company insiders.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $29.07 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a twelve month low of $28.37 and a twelve month high of $38.96. The firm has a market capitalization of $35.15 billion, a PE ratio of 26.19, a P/E/G ratio of 3.50 and a beta of 0.48. The firm’s 50-day moving average price is $30.62 and its 200 day moving average price is $33.16.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts predict that The Kraft Heinz Company will post 3 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.50%. The ex-dividend date was Friday, November 29th. Kraft Heinz’s dividend payout ratio is currently 144.14%.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of recent research reports. Barclays reduced their price objective on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Evercore ISI reissued 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. Wells Fargo & Company dropped their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Citigroup decreased their target price on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Stifel Nicolaus lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $38.00 in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $35.23.

About Kraft Heinz

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.