Elo Mutual Pension Insurance Co Has $2.02 Million Stock Position in Kraft Heinz Company $KHC

Elo Mutual Pension Insurance Co lifted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 49.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,371 shares of the company’s stock after acquiring an additional 25,699 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Kraft Heinz were worth $2,015,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. raised its holdings in Kraft Heinz by 172.4% during the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares during the last quarter. Anfield Capital Management LLC lifted its holdings in Kraft Heinz by 256.7% in the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after buying an additional 914 shares during the period. Cape Investment Advisory Inc. boosted its stake in Kraft Heinz by 164.7% in the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after acquiring an additional 807 shares during the last quarter. Sentry Investment Management LLC bought a new position in Kraft Heinz in the third quarter valued at approximately $38,000. Finally, Albion Financial Group UT acquired a new stake in Kraft Heinz during the 3rd quarter worth $43,000. Institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Mizuho cut their price target on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Evercore decreased their target price on Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. The Goldman Sachs Group set a $23.00 price target on shares of Kraft Heinz in a research report on Thursday, February 12th. JPMorgan Chase & Co. lowered shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $24.00 to $22.00 in a research note on Thursday, February 12th. Finally, TD Cowen reissued a “hold” rating on shares of Kraft Heinz in a research note 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 MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and an average target price of $24.89.

Insider Buying and Selling at Kraft Heinz

In related news, insider Cory Onell sold 4,991 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the completion of the transaction, the insider directly owned 197,463 shares of the company’s stock, valued at approximately $4,806,249.42. This represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Miguel Patricio sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total value of $3,102,500.00. Following the transaction, the insider directly owned 686,817 shares in the company, valued at $17,046,797.94. This trade represents a 15.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 139,036 shares of company stock worth $3,446,578 over the last quarter. Company insiders own 0.35% of the company’s stock.

Kraft Heinz Stock Down 0.7%

NASDAQ:KHC opened at $24.04 on Thursday. The stock has a 50-day simple moving average of $24.00 and a 200 day simple moving average of $25.02. Kraft Heinz Company has a 52-week low of $21.99 and a 52-week high of $33.35. The company has a market cap of $28.46 billion, a PE ratio of -4.87 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The business’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, sell-side analysts expect that Kraft Heinz Company will post 2.68 EPS 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 given a $0.40 dividend. The ex-dividend date of this dividend 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 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.