Janney Montgomery Scott LLC decreased its stake in Kraft Heinz Company (NASDAQ:KHC – Free Report) by 35.3% during the 1st quarter, Holdings Channel reports. The firm owned 146,341 shares of the company’s stock after selling 79,732 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Kraft Heinz were worth $3,291,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Auto Owners Insurance Co boosted its holdings in Kraft Heinz by 3,034.1% in the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after buying an additional 15,951,271 shares during the last quarter. Norges Bank purchased a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $332,382,000. Barclays PLC lifted its position in shares of Kraft Heinz by 77.8% in the fourth quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock valued at $217,599,000 after acquiring an additional 3,926,141 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Kraft Heinz by 10.5% in the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock worth $478,347,000 after acquiring an additional 1,870,310 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Kraft Heinz by 127.6% in the first quarter. SG Americas Securities LLC now owns 3,319,277 shares of the company’s stock worth $74,651,000 after acquiring an additional 1,860,826 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on KHC shares. Morgan Stanley set a $22.00 target price on shares of Kraft Heinz in a report on Thursday, April 23rd. TD Cowen lowered their price target on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, March 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. Sanford C. Bernstein downgraded shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company decreased their target price on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $22.88.
Kraft Heinz Price Performance
Kraft Heinz stock opened at $25.30 on Wednesday. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $29.19. The stock has a market cap of $30.00 billion, a P/E ratio of -5.21 and a beta of 0.09. The company has a 50-day moving average price of $23.52 and a 200 day moving average price of $23.46. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. During the same period in the previous 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. Sell-side analysts anticipate that Kraft Heinz Company will post 2.07 earnings per share for the current year.
Kraft Heinz Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. Kraft Heinz’s dividend payout ratio is currently -32.92%.
Insider Buying and Selling
In related news, insider Diana Frost sold 18,502 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the transaction, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.24% of the company’s stock.
Kraft Heinz 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.
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