Stance Capital LLC Purchases 114,685 Shares of Kraft Heinz Company $KHC

Stance Capital LLC lifted its holdings in Kraft Heinz Company (NASDAQ:KHCFree Report) by 6,633.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,414 shares of the company’s stock after acquiring an additional 114,685 shares during the quarter. Kraft Heinz makes up approximately 1.0% of Stance Capital LLC’s holdings, making the stock its 29th largest holding. Stance Capital LLC’s holdings in Kraft Heinz were worth $2,823,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Jessup Wealth Management Inc bought a new position in Kraft Heinz in the 4th quarter valued at $27,000. Reflection Asset Management bought a new stake in shares of Kraft Heinz during the fourth quarter worth $28,000. DV Equities LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at $29,000. Key Capital Management INC acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at $29,000. Finally, New England Capital Financial Advisors LLC raised its holdings in shares of 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 valued at $30,000 after buying an additional 511 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Key Kraft Heinz News

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

Kraft Heinz Price Performance

Shares of KHC stock opened at $22.82 on Friday. The firm has a market cap of $27.06 billion, a price-to-earnings ratio of -4.70 and a beta of 0.08. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $23.11 and a 200 day moving average price of $23.52.

Kraft Heinz (NASDAQ:KHCGet Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Research analysts expect that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz’s payout ratio is -32.92%.

Analyst Ratings Changes

Several research analysts recently issued reports on KHC shares. BTIG Research assumed coverage on shares of Kraft Heinz in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Piper Sandler dropped their target price on shares of Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Sanford C. Bernstein cut shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $25.00 to $21.00 in a research note on Wednesday, June 3rd. Finally, TD Cowen lowered their price target on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $22.69.

Read Our Latest Research Report on Kraft Heinz

About Kraft Heinz

(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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