Holowesko Partners Ltd. lifted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) by 75.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 388,900 shares of the company’s stock after acquiring an additional 166,900 shares during the quarter. Kraft Heinz accounts for about 3.3% of Holowesko Partners Ltd.’s investment portfolio, making the stock its 12th largest holding. Holowesko Partners Ltd.’s holdings in Kraft Heinz were worth $9,431,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of KHC. Ashton Thomas Private Wealth LLC purchased a new position in shares of Kraft Heinz during the 1st quarter worth $207,000. Woodline Partners LP grew its holdings in shares of Kraft Heinz by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after purchasing an additional 20,690 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Kraft Heinz by 16.6% during the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock worth $1,323,000 after purchasing an additional 7,307 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after purchasing an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC purchased a new position in shares of Kraft Heinz during the 2nd quarter worth $207,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on KHC. UBS Group increased their target price on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. The Goldman Sachs Group set a $23.00 target price on Kraft Heinz in a research note on Thursday, February 12th. BTIG Research began coverage on Kraft Heinz in a research note on Monday, April 13th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. decreased their target price on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 25th. Finally, Barclays increased their target price on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $22.69.
Kraft Heinz Stock Performance
Shares of KHC opened at $22.58 on Monday. The stock has a 50-day simple moving average of $22.91 and a 200-day simple moving average of $23.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The stock has a market capitalization of $26.77 billion, a PE ratio of -4.65 and a beta of 0.08. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. During the same period in the previous year, the company posted $0.62 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, analysts predict that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.
Kraft Heinz Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.1%. Kraft Heinz’s payout ratio is currently -32.92%.
More Kraft Heinz News
Here are the key news stories impacting Kraft Heinz this week:
- Positive Sentiment: Jim Cramer said he has “faith” in Kraft Heinz CEO Steve, which may help improve sentiment by signaling confidence in management and the company’s turnaround prospects. Jim Cramer on Kraft Heinz CEO: “I Have Faith in Steve”
- Positive Sentiment: Unusual call-option activity suggests some traders are positioning for a rebound, which can sometimes signal renewed speculative interest in the shares. Unusual trading in Kraft Heinz call options after CEO interview – Is KHC stock a buy?
- Neutral Sentiment: The company’s recent earnings were generally solid, with Kraft Heinz beating EPS and revenue estimates last month, but the stock has still struggled to hold momentum afterward. Kraft Heinz stock/earnings overview
- Negative Sentiment: Bernstein downgraded Kraft Heinz to Underperform/Sell and lowered its price target, reinforcing worries that the shares could have more downside ahead. Kraft Heinz was downgraded to a Sell Rating at Bernstein
- Negative Sentiment: Articles focused on the stock being down since its last earnings report highlight weakening momentum and investor concern that the post-earnings rally has faded. Why Is Kraft Heinz (KHC) Down 5% Since Last Earnings Report?
- Negative Sentiment: Management commentary on “negative cash flows” among lower-income consumers points to softer demand for packaged foods if stressed households keep pulling back on spending. Running out of money: Kraft, McDonald’s, Whirlpool CEOs all issue same dire warning about US consumers
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.
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