Kestra Advisory Services LLC trimmed its holdings in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) by 17.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 102,239 shares of the company’s stock after selling 22,150 shares during the period. Kestra Advisory Services LLC’s holdings in Kraft Heinz were worth $2,299,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the stock. Auto Owners Insurance Co lifted its position in shares of Kraft Heinz by 3,034.1% during the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock valued at $39,957,000 after acquiring an additional 15,951,271 shares during the period. Norges Bank bought a new position in Kraft Heinz during the fourth quarter worth $332,382,000. Barclays PLC grew its holdings in Kraft Heinz by 77.8% in the fourth quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock worth $217,599,000 after purchasing an additional 3,926,141 shares during the period. Invesco Ltd. grew its holdings in 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 purchasing an additional 1,870,310 shares during the period. Finally, SG Americas Securities LLC increased its stake in Kraft Heinz by 127.6% in the first quarter. SG Americas Securities LLC now owns 3,319,277 shares of the company’s stock valued at $74,651,000 after purchasing an additional 1,860,826 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on KHC. JPMorgan Chase & Co. upped their price objective on shares of Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. Wall Street Zen upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. BNP Paribas Exane boosted their target price on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research report on Tuesday, June 30th. Jefferies Financial Group dropped their price target on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. One 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 company’s stock. According to data from MarketBeat, Kraft Heinz has a consensus rating of “Reduce” and an average target price of $23.12.
Insiders Place Their Bets
In related news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, the insider owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.
Kraft Heinz Stock Performance
Shares of KHC stock opened at $25.88 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $23.91 and a two-hundred day simple moving average of $23.52. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The firm has a market capitalization of $30.69 billion, a PE ratio of -5.33 and a beta of 0.09.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts forecast that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.
Kraft Heinz Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 6.2%. Kraft Heinz’s dividend payout ratio (DPR) is presently -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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