Tompkins Financial Corp Has $67,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

Tompkins Financial Corp boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 175.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,174 shares of the company’s stock after purchasing an additional 1,384 shares during the period. Tompkins Financial Corp’s holdings in Kraft Heinz were worth $67,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after purchasing an additional 6,366,732 shares during the period. Geode Capital Management LLC grew its position in Kraft Heinz by 11.3% during the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after purchasing an additional 1,944,019 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Kraft Heinz in the 3rd quarter valued at approximately $411,304,000. Legal & General Group Plc lifted its position in Kraft Heinz by 9.7% in the 2nd quarter. Legal & General Group Plc now owns 9,064,592 shares of the company’s stock worth $292,061,000 after buying an additional 799,581 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after buying an additional 1,238,200 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kraft Heinz

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the transaction, the executive vice president now owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.37% of the stock is owned by corporate insiders.

Kraft Heinz Trading Up 1.0 %

Shares of KHC stock opened at $29.27 on Friday. The Kraft Heinz Company has a 12 month low of $28.37 and a 12 month high of $38.96. The company has a market cap of $35.39 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 3.29 and a beta of 0.48. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $30.87 and its two-hundred day moving average is $33.22.

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

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were given a dividend of $0.40 per share. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.47%. Kraft Heinz’s dividend payout ratio is presently 144.14%.

Analyst Ratings Changes

A number of research firms have recently weighed in on KHC. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price target for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. Evercore ISI reaffirmed an “in-line” rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. TD Cowen reduced their price target on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Barclays dropped their price objective on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Finally, Citigroup reduced 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.23.

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.