NEOS Investment Management LLC Buys 174,643 Shares of Kraft Heinz Company $KHC

NEOS Investment Management LLC increased its position in Kraft Heinz Company (NASDAQ:KHC) by 58.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 471,471 shares of the company’s stock after purchasing an additional 174,643 shares during the period. NEOS Investment Management LLC’s holdings in Kraft Heinz were worth $12,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Summitry LLC lifted its stake in shares of Kraft Heinz by 17.2% in the third quarter. Summitry LLC now owns 11,820 shares of the company’s stock worth $308,000 after buying an additional 1,737 shares in the last quarter. Fifth Third Bancorp raised its holdings in Kraft Heinz by 4.7% in the 3rd quarter. Fifth Third Bancorp now owns 21,666 shares of the company’s stock worth $564,000 after acquiring an additional 965 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in Kraft Heinz by 6.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 286,845 shares of the company’s stock valued at $7,469,000 after acquiring an additional 17,779 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Kraft Heinz by 10.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 256,996 shares of the company’s stock valued at $6,692,000 after acquiring an additional 24,198 shares in the last quarter. Finally, Cidel Asset Management Inc. boosted its stake in Kraft Heinz by 17.3% during the 3rd quarter. Cidel Asset Management Inc. now owns 12,937 shares of the company’s stock valued at $337,000 after purchasing an additional 1,905 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Miguel Patricio sold 125,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total value of $3,102,500.00. Following the transaction, the insider owned 686,817 shares of the company’s stock, valued at approximately $17,046,797.94. The trade was a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KHC shares. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Thursday, January 22nd. Evercore decreased their target price on Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. Piper Sandler dropped their price target on shares of Kraft Heinz from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Morgan Stanley reiterated an “underweight” rating and issued a $23.00 price target on shares of Kraft Heinz in a research note on Tuesday. Finally, JPMorgan Chase & Co. downgraded shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $24.00 to $22.00 in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Kraft Heinz currently has an average rating of “Reduce” and a consensus target price of $25.00.

Kraft Heinz Stock Performance

KHC opened at $23.78 on Wednesday. The company has a 50 day simple moving average of $24.00 and a two-hundred day simple moving average of $25.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.79. The firm has a market cap of $28.15 billion, a P/E ratio of -4.81 and a beta of 0.08. Kraft Heinz Company has a 1-year low of $21.99 and a 1-year high of $33.35.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the previous year, the company earned $0.84 EPS. Kraft Heinz’s revenue for the quarter was down 3.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is -32.39%.

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.