TD Waterhouse Canada Inc. Has $3.89 Million Stock Position in Kraft Heinz Company $KHC

TD Waterhouse Canada Inc. lowered its stake in Kraft Heinz Company (NASDAQ:KHC) by 20.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 160,497 shares of the company’s stock after selling 42,371 shares during the period. TD Waterhouse Canada Inc.’s holdings in Kraft Heinz were worth $3,890,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Key Capital Management INC acquired a new stake in Kraft Heinz during the fourth quarter worth about $29,000. Rakuten Securities Inc. raised its position in shares of Kraft Heinz by 172.4% in the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after buying an additional 788 shares in the last quarter. Anfield Capital Management LLC lifted its holdings in shares of Kraft Heinz by 256.7% during the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after acquiring an additional 914 shares during the period. Sentry Investment Management LLC bought a new stake in shares of Kraft Heinz during the 3rd quarter worth approximately $38,000. Finally, Brown Shipley& Co Ltd acquired a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $40,000. Institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 4,991 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the sale, the insider directly owned 197,463 shares in the company, valued at approximately $4,806,249.42. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Down 1.0%

Shares of NASDAQ:KHC opened at $21.98 on Wednesday. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $30.42. The company has a market capitalization of $26.06 billion, a PE ratio of -4.45 and a beta of 0.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15. The company has a fifty day moving average of $23.18 and a 200-day moving average of $24.02.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.Kraft Heinz’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities analysts predict that Kraft Heinz Company will post 2.04 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend was Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.39%.

Analyst Upgrades and Downgrades

KHC has been the subject of several research analyst reports. Zacks Research downgraded shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Piper Sandler reduced their target price on Kraft Heinz from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. UBS Group lowered their price target on Kraft Heinz from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Morgan Stanley reaffirmed an “underweight” rating and issued a $23.00 price objective on shares of Kraft Heinz in a research note on Tuesday, February 17th. Finally, Barclays lifted their target price on Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $23.53.

Kraft Heinz Company 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.