UMB Bank n.a. Buys 5,783 Shares of The Kraft Heinz Company (NASDAQ:KHC)

UMB Bank n.a. lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 141.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,883 shares of the company’s stock after acquiring an additional 5,783 shares during the period. UMB Bank n.a.’s holdings in Kraft Heinz were worth $301,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in KHC. Generali Investments Management Co LLC bought a new position in Kraft Heinz in the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. bought a new position in Kraft Heinz in the 4th quarter worth approximately $29,000. OFI Invest Asset Management bought a new position in Kraft Heinz in the 4th quarter worth approximately $36,000. Pinney & Scofield Inc. bought a new position in Kraft Heinz in the 4th quarter worth approximately $38,000. Finally, Kennondale Capital Management LLC bought a new position in Kraft Heinz in the 4th quarter worth approximately $45,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $26.59 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The firm has a market cap of $31.47 billion, a P/E ratio of 11.77, a P/E/G ratio of 3.39 and a beta of 0.27. The business’s fifty day moving average is $28.11 and its two-hundred day moving average is $29.52. The Kraft Heinz Company has a 52 week low of $26.01 and a 52 week high of $36.53.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. Equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.02%. The ex-dividend date is Friday, May 30th. Kraft Heinz’s dividend payout ratio (DPR) is presently 73.06%.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of research reports. Cfra Research cut Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Stifel Nicolaus reduced their target price on Kraft Heinz from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Mizuho set a $29.00 target price on Kraft Heinz and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. DZ Bank cut Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research report on Friday, May 9th. Finally, Wells Fargo & Company reduced their target price on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Four research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.35.

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.