Kraft Heinz Company $KHC Shares Purchased by ORG Partners LLC

ORG Partners LLC grew its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 4,688.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 26,049 shares of the company’s stock after buying an additional 25,505 shares during the period. ORG Partners LLC’s holdings in Kraft Heinz were worth $678,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Shell Asset Management Co. increased its stake 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 worth $2,335,000 after acquiring an additional 42,758 shares during the last quarter. Generali Asset Management SPA SGR raised its position in Kraft Heinz by 192.4% in the third quarter. Generali Asset Management SPA SGR now owns 81,260 shares of the company’s stock valued at $2,116,000 after purchasing an additional 53,467 shares during the period. Fairfax Financial Holdings Ltd. Can grew its holdings in shares of Kraft Heinz by 45.4% during the 2nd quarter. Fairfax Financial Holdings Ltd. Can now owns 4,884,000 shares of the company’s stock worth $126,056,000 after purchasing an additional 1,525,000 shares during the period. Lakeshore Capital Group Inc. increased its position in shares of Kraft Heinz by 39.8% during the 2nd quarter. Lakeshore Capital Group Inc. now owns 37,050 shares of the company’s stock worth $957,000 after purchasing an additional 10,551 shares during the last quarter. Finally, Swedbank AB raised its holdings in Kraft Heinz by 13.6% in the 1st quarter. Swedbank AB now owns 878,684 shares of the company’s stock valued at $26,738,000 after buying an additional 104,872 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Activity at Kraft Heinz

In related news, insider Miguel Patricio sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the sale, the insider directly owned 686,817 shares in the company, valued at approximately $17,046,797.94. This represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KHC shares. Sanford C. Bernstein lowered their target price on shares of Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating for the company in a research note on Tuesday, October 28th. Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kraft Heinz from $27.00 to $26.00 in a report on Thursday, October 30th. JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Finally, UBS Group lowered their price target on 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 analyst has rated the stock with a Strong Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $26.63.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $23.42 on Friday. The firm has a 50 day moving average of $24.48 and a two-hundred day moving average of $25.90. The stock has a market capitalization of $27.72 billion, a PE ratio of -6.28 and a beta of 0.09. 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 52 week low of $22.91 and a 52 week high of $33.35.

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

Kraft Heinz Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, November 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Friday, November 28th. Kraft Heinz’s dividend payout ratio (DPR) is presently -42.90%.

About Kraft Heinz

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.