Kraft Heinz Company $KHC Shares Sold by Aberdeen Group plc

Aberdeen Group plc trimmed its position in Kraft Heinz Company (NASDAQ:KHC) by 4.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 616,013 shares of the company’s stock after selling 27,224 shares during the period. Aberdeen Group plc’s holdings in Kraft Heinz were worth $15,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. STF Management LP raised its holdings in Kraft Heinz by 2.1% during the second quarter. STF Management LP now owns 18,475 shares of the company’s stock worth $477,000 after purchasing an additional 374 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Kraft Heinz by 15.5% in the third quarter. Parkside Financial Bank & Trust now owns 3,219 shares of the company’s stock valued at $84,000 after buying an additional 431 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Kraft Heinz by 13.4% during the third quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock worth $101,000 after acquiring an additional 460 shares during the period. Barrett & Company Inc. raised its position in Kraft Heinz by 22.7% in the third quarter. Barrett & Company Inc. now owns 2,700 shares of the company’s stock worth $70,000 after acquiring an additional 500 shares in the last quarter. Finally, Silverlake Wealth Management LLC lifted its holdings in Kraft Heinz by 3.4% in the second quarter. Silverlake Wealth Management LLC now owns 16,021 shares of the company’s stock valued at $414,000 after acquiring an additional 530 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the transaction, the insider owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This represents a 15.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KHC. Evercore lowered their price target on shares of Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. Jefferies Financial Group lowered their price target on Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. HSBC decreased their target price on Kraft Heinz from $29.00 to $27.00 in a research report on Thursday, October 30th. Piper Sandler dropped their price target on Kraft Heinz from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein boosted their price objective on shares of Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and an average target price of $25.00.

Kraft Heinz Stock Up 0.7%

Shares of NASDAQ:KHC opened at $23.95 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $28.35 billion, a P/E ratio of -4.85 and a beta of 0.08. Kraft Heinz Company has a 52-week low of $21.99 and a 52-week high of $33.35. The stock’s fifty day simple moving average is $23.99 and its 200-day simple moving average is $25.24.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The firm’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. As a group, equities research analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

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

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.