Fieldview Capital Management LLC acquired a new stake in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 63,780 shares of the company’s stock, valued at approximately $1,547,000.
A number of other large investors also recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Kraft Heinz by 0.8% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,644,173 shares of the company’s stock worth $64,121,000 after purchasing an additional 22,220 shares in the last quarter. Landscape Capital Management L.L.C. lifted its holdings in Kraft Heinz by 11.6% in the 4th quarter. Landscape Capital Management L.L.C. now owns 120,767 shares of the company’s stock worth $2,929,000 after purchasing an additional 12,555 shares in the last quarter. Barclays PLC lifted its holdings in Kraft Heinz by 77.8% in the 4th 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 in the last quarter. FORA Capital LLC lifted its holdings in Kraft Heinz by 41.3% in the 4th quarter. FORA Capital LLC now owns 26,242 shares of the company’s stock worth $636,000 after purchasing an additional 7,673 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in Kraft Heinz by 2.9% in the 4th quarter. CreativeOne Wealth LLC now owns 45,317 shares of the company’s stock worth $1,099,000 after purchasing an additional 1,267 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
KHC has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. BTIG Research assumed coverage on Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. TD Cowen decreased their price objective on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Finally, Wall Street Zen cut Kraft Heinz from a “buy” rating to a “hold” rating in a report on Sunday, May 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $22.69.
Kraft Heinz Stock Performance
NASDAQ KHC opened at $24.39 on Monday. The company has a market cap of $28.92 billion, a P/E ratio of -5.02 and a beta of 0.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The business’s 50 day moving average price is $23.08 and its 200-day moving average price is $23.58. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $29.19.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side analysts predict that Kraft Heinz Company will post 2.07 earnings per share for the current year.
Kraft Heinz Announces Dividend
The firm also recently announced 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 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is -32.92%.
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.
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