Kraft Heinz Company (NASDAQ:KHC – Get Free Report) saw unusually large options trading on Wednesday. Stock investors purchased 70,395 call options on the company. This represents an increase of 154% compared to the average volume of 27,726 call options.
Hedge Funds Weigh In On Kraft Heinz
Large investors have recently bought and sold shares of the stock. Graney & King LLC grew its stake in Kraft Heinz by 20.5% in the fourth quarter. Graney & King LLC now owns 2,560 shares of the company’s stock worth $62,000 after purchasing an additional 435 shares during the period. V Square Quantitative Management LLC grew its stake in Kraft Heinz by 3.2% in the fourth quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock worth $361,000 after purchasing an additional 458 shares during the period. Hantz Financial Services Inc. grew its stake in Kraft Heinz by 13.4% in the third quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock worth $101,000 after purchasing an additional 460 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in Kraft Heinz by 1.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock worth $718,000 after purchasing an additional 490 shares during the period. Finally, New England Capital Financial Advisors LLC grew its stake in Kraft Heinz by 70.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after purchasing an additional 511 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have recently weighed in on KHC shares. Mizuho cut their price target on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. BTIG Research assumed coverage on Kraft Heinz in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Wall Street Zen downgraded Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Sunday. Barclays raised their target price on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and an average price target of $22.69.
Kraft Heinz Price Performance
NASDAQ:KHC traded down $0.64 during mid-day trading on Wednesday, reaching $22.69. The stock had a trading volume of 11,287,387 shares, compared to its average volume of 15,700,782. The stock has a market capitalization of $26.90 billion, a P/E ratio of -4.67 and a beta of 0.08. The firm has a 50 day moving average price of $22.80 and a two-hundred day moving average price of $23.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. Kraft Heinz has a one year low of $21.03 and a one year high of $29.19.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. During the same period last year, the business earned $0.62 earnings per share. The business’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. As a group, analysts expect that Kraft Heinz will post 2.07 earnings per share for the current year.
Kraft Heinz Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz’s payout ratio is -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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