Stifel Financial Corp Has $43.04 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Stifel Financial Corp boosted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 5.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,225,952 shares of the company's stock after acquiring an additional 65,826 shares during the quarter. Stifel Financial Corp owned 0.10% of Kraft Heinz worth $43,043,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KHC. Hotchkis & Wiley Capital Management LLC acquired a new stake in Kraft Heinz during the third quarter valued at $411,304,000. Dimensional Fund Advisors LP raised its stake in shares of Kraft Heinz by 47.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company's stock worth $178,379,000 after purchasing an additional 1,778,263 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Kraft Heinz by 387.7% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,455,033 shares of the company's stock valued at $51,086,000 after buying an additional 1,156,712 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Kraft Heinz by 260.8% in the 2nd quarter. Marshall Wace LLP now owns 1,169,657 shares of the company's stock valued at $37,686,000 after buying an additional 845,490 shares in the last quarter. Finally, Poplar Forest Capital LLC acquired a new position in Kraft Heinz in the second quarter worth approximately $26,353,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Insider Buying and Selling

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the transaction, the executive vice president now owns 168,195 shares in the company, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.32% of the stock is owned by company insiders.

Kraft Heinz Stock Performance

NASDAQ KHC traded down $0.10 during trading on Friday, hitting $30.81. The company's stock had a trading volume of 11,870,805 shares, compared to its average volume of 10,482,401. The Kraft Heinz Company has a 52 week low of $30.40 and a 52 week high of $38.96. 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 firm has a market cap of $37.25 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 3.54 and a beta of 0.48. The firm has a 50 day moving average price of $33.40 and a 200 day moving average price of $33.94.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. The firm had revenue of $6.38 billion during the quarter, compared to analysts' expectations of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. Equities research analysts forecast that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Friday, November 29th. Kraft Heinz's dividend payout ratio (DPR) is presently 144.14%.

Wall Street Analysts Forecast Growth

KHC has been the subject of several recent research reports. The Goldman Sachs Group decreased their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a "sell" rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $40.00 to $38.00 in a report on Friday, October 25th. Barclays cut their target price 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. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a "buy" rating to a "hold" rating and decreased their price target for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. Finally, Piper Sandler reissued a "neutral" rating and issued a $35.00 price objective (down from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $36.55.

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.