Quantinno Capital Management LP Has $47.37 Million Position in Kraft Heinz Company $KHC

Quantinno Capital Management LP grew its position in Kraft Heinz Company (NASDAQ:KHCFree Report) by 158.1% in the first quarter, HoldingsChannel.com reports. The fund owned 2,106,122 shares of the company’s stock after buying an additional 1,290,106 shares during the period. Quantinno Capital Management LP’s holdings in Kraft Heinz were worth $47,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in Kraft Heinz during the first quarter worth approximately $207,000. Woodline Partners LP lifted its position in shares of Kraft Heinz by 39.0% in the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after buying an additional 20,690 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Kraft Heinz by 16.6% in the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after buying an additional 7,307 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake 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 acquiring an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC bought a new position in shares of Kraft Heinz during the 2nd quarter worth approximately $207,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz News Roundup

Here are the key news stories impacting Kraft Heinz this week:

  • Positive Sentiment: Potential earnings beat: Analysts expect Kraft Heinz to benefit from favorable earnings estimates and its history of exceeding consensus forecasts. The company is scheduled to report before the market opens on August 5. Kraft Heinz Expected to Beat Earnings Estimates
  • Positive Sentiment: Improving market-share trends: Investors are watching for evidence that recent market-share gains are translating into more sustainable consumer demand, which could support revenue and earnings expectations if confirmed. Kraft Heinz Earnings in Focus
  • Neutral Sentiment: Results remain the key catalyst: UBS forecasts adjusted earnings per share of $0.52, slightly below the roughly $0.53 Visible Alpha and FactSet consensus. This leaves room for a beat but also raises the bar for management commentary on demand, pricing and guidance. Kraft Heinz Earnings Expectations
  • Neutral Sentiment: Market-relative performance: Kraft Heinz advanced in the latest session even as the broader market declined, but reports noted that it underperformed certain industry peers. This suggests the move was supported more by company-specific earnings expectations than by broad sector momentum. Kraft Heinz Ascends While Market Falls

Insider Activity

In related news, insider Diana Frost sold 18,502 shares of the company’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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of research analyst reports. UBS Group increased their price target on Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. BTIG Research initiated coverage on shares of Kraft Heinz in a research report on Monday, April 13th. They set a “neutral” rating for the company. Wells Fargo & Company upped their price objective on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. increased their price objective on shares of Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $23.19.

Check Out Our Latest Analysis on KHC

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $27.62 on Thursday. The firm has a market cap of $32.75 billion, a P/E ratio of -5.68 and a beta of 0.09. The business’s 50 day moving average is $24.38 and its 200-day moving average is $23.65. 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 Company has a 1-year low of $21.03 and a 1-year high of $29.19.

Kraft Heinz (NASDAQ:KHCGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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 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 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts predict that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s payout ratio is presently -32.92%.

Kraft Heinz Company Profile

(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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