IRON Financial LLC Takes $804,000 Position in Kraft Heinz Company $KHC

IRON Financial LLC purchased a new stake in Kraft Heinz Company (NASDAQ:KHC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,885 shares of the company’s stock, valued at approximately $804,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Shell Asset Management Co. boosted its position in shares of Kraft Heinz by 89.7% in the 2nd quarter. Shell Asset Management Co. now owns 90,450 shares of the company’s stock valued at $2,335,000 after purchasing an additional 42,758 shares during the period. Generali Asset Management SPA SGR lifted its stake in Kraft Heinz by 192.4% during the third quarter. Generali Asset Management SPA SGR now owns 81,260 shares of the company’s stock valued at $2,116,000 after buying an additional 53,467 shares in the last quarter. Fairfax Financial Holdings Ltd. Can boosted its holdings in shares of Kraft Heinz by 45.4% in the second quarter. Fairfax Financial Holdings Ltd. Can now owns 4,884,000 shares of the company’s stock worth $126,056,000 after buying an additional 1,525,000 shares during the period. Lakeshore Capital Group Inc. increased its position in shares of Kraft Heinz by 39.8% in the second quarter. Lakeshore Capital Group Inc. now owns 37,050 shares of the company’s stock worth $957,000 after acquiring an additional 10,551 shares in the last quarter. Finally, Swedbank AB raised its holdings in shares of Kraft Heinz by 13.6% during the first quarter. Swedbank AB now owns 878,684 shares of the company’s stock valued at $26,738,000 after acquiring an additional 104,872 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KHC. TD Cowen decreased their price objective on shares of Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. BNP Paribas Exane decreased their target price on Kraft Heinz from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, December 16th. Mizuho dropped their price target on Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Barclays decreased their price objective on Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Reduce” and a consensus price target of $26.63.

Insider Buying and Selling

In other news, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total value of $3,102,500.00. Following the transaction, the insider owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This trade represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Kraft Heinz Stock Performance

Shares of KHC opened at $23.42 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12 month low of $22.91 and a 12 month high of $33.35. The company’s fifty day moving average is $24.48 and its 200-day moving average is $25.90. The firm has a market cap of $27.72 billion, a price-to-earnings ratio of -6.28 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Friday, July 8th. The company reported $0.72 EPS for the quarter. The firm had revenue of $6.39 billion for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. Kraft Heinz has set its FY 2025 guidance at 2.500-2.57 EPS. Equities analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, November 28th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.60 dividend on an annualized basis and a yield of 6.8%. Kraft Heinz’s dividend payout ratio is presently -42.90%.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.