Koss Olinger Consulting LLC lowered its position in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) by 49.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,608 shares of the company’s stock after selling 31,455 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Kraft Heinz were worth $791,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Kraft Heinz by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after buying an additional 616,283 shares in the last quarter. Invesco Ltd. raised its stake in Kraft Heinz by 1.5% during the third quarter. Invesco Ltd. now owns 17,855,352 shares of the company’s stock valued at $464,953,000 after buying an additional 270,678 shares in the last quarter. Nordea Investment Management AB raised its stake in Kraft Heinz by 0.8% during the fourth quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock valued at $336,134,000 after buying an additional 106,970 shares in the last quarter. Norges Bank acquired a new stake in Kraft Heinz during the fourth quarter valued at approximately $332,382,000. Finally, Dimensional Fund Advisors LP raised its stake in Kraft Heinz by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 8,043,650 shares of the company’s stock valued at $209,427,000 after buying an additional 311,020 shares in the last quarter. Institutional investors and hedge funds 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 stock in a transaction that occurred on 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. This represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.
Analysts Set New Price Targets
Kraft Heinz Stock Down 1.9%
Shares of Kraft Heinz stock opened at $24.01 on Friday. 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 business’s 50 day simple moving average is $22.76 and its 200-day simple moving average is $23.69. The stock has a market capitalization of $28.47 billion, a price-to-earnings ratio of -4.94 and a beta of 0.06. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts forecast 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. Stockholders of record on Friday, June 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio is presently -32.92%.
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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