Hillman Capital Management Inc. Sells 34,344 Shares of Kraft Heinz Company $KHC

Hillman Capital Management Inc. trimmed its holdings in shares of Kraft Heinz Company (NASDAQ:KHCFree Report) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,807 shares of the company’s stock after selling 34,344 shares during the period. Kraft Heinz comprises about 2.7% of Hillman Capital Management Inc.’s portfolio, making the stock its 16th largest position. Hillman Capital Management Inc.’s holdings in Kraft Heinz were worth $4,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in shares of Kraft Heinz by 2.4% in the 4th quarter. Royal Bank of Canada now owns 1,986,855 shares of the company’s stock valued at $48,181,000 after buying an additional 47,024 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Kraft Heinz in the 4th quarter valued at about $2,551,000. Copley Financial Group Inc. bought a new stake in shares of Kraft Heinz in the 4th quarter valued at about $397,000. Rakuten Investment Management Inc. boosted its holdings in shares of Kraft Heinz by 453.7% in the 4th quarter. Rakuten Investment Management Inc. now owns 177,503 shares of the company’s stock valued at $4,304,000 after buying an additional 145,443 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new stake in shares of Kraft Heinz in the 4th quarter valued at about $1,331,000. 78.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KHC shares. BTIG Research started coverage on shares of Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. JPMorgan Chase & Co. lowered their price target on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, March 25th. Finally, TD Cowen decreased their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and an average price target of $22.69.

View Our Latest Research Report on KHC

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $23.80 on Wednesday. The stock has a market capitalization of $28.22 billion, a price-to-earnings ratio of -4.90 and a beta of 0.08. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The firm’s 50 day simple moving average is $23.13 and its 200-day simple moving average is $23.56. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82.

Kraft Heinz (NASDAQ:KHCGet Free Report) last issued 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 negative net margin of 23.05% and a positive return on equity of 7.26%. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. During the same quarter last year, the company earned $0.62 EPS. The business’s revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts expect that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.

About Kraft Heinz

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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