Pacer Advisors Inc. cut its stake in Kraft Heinz Company (NASDAQ:KHC – Free Report) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,636,858 shares of the company’s stock after selling 58,371 shares during the quarter. Pacer Advisors Inc. owned 0.73% of Kraft Heinz worth $209,444,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of KHC. Jessup Wealth Management Inc purchased a new position in Kraft Heinz in the fourth quarter worth $27,000. Key Capital Management INC purchased a new stake in shares of Kraft Heinz during the fourth quarter worth $29,000. DV Equities LLC bought a new position in Kraft Heinz in the 4th quarter worth about $29,000. New England Capital Financial Advisors LLC boosted its position in shares of Kraft Heinz by 70.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after acquiring an additional 511 shares during the period. Finally, Rakuten Securities Inc. grew its position in shares of Kraft Heinz by 172.4% during the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
KHC has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 25th. BNP Paribas Exane cut their target price on Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. Mizuho reduced their target price on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Finally, Wells Fargo & Company cut 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and a consensus price target of $22.69.
Kraft Heinz Stock Performance
Shares of KHC stock opened at $22.82 on Friday. The company has a 50 day moving average price of $23.11 and a 200-day moving average price of $23.52. The firm has a market capitalization of $27.06 billion, a PE ratio of -4.70 and a beta of 0.08. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $29.19. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. During the same period in the prior year, the business posted $0.62 EPS. Kraft Heinz’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. As a group, equities research analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current year.
Kraft Heinz Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s payout ratio is currently -32.92%.
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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