Kraft Heinz Company $KHC Shares Bought by AlphaQuest LLC

AlphaQuest LLC boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 2,833.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 73,474 shares of the company’s stock after acquiring an additional 70,969 shares during the period. AlphaQuest LLC’s holdings in Kraft Heinz were worth $1,782,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Kraft Heinz by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after acquiring an additional 616,283 shares during the period. Invesco Ltd. raised its position in Kraft Heinz by 1.5% during the third quarter. Invesco Ltd. now owns 17,855,352 shares of the company’s stock worth $464,953,000 after acquiring an additional 270,678 shares during the period. Nordea Investment Management AB raised its position in shares of Kraft Heinz by 0.8% in the fourth quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock valued at $336,134,000 after buying an additional 106,970 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Kraft Heinz by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 8,043,650 shares of the company’s stock valued at $209,427,000 after buying an additional 311,020 shares during the last quarter. Finally, Capital International Investors raised its position in shares of Kraft Heinz by 0.4% in the third quarter. Capital International Investors now owns 7,583,727 shares of the company’s stock valued at $197,480,000 after buying an additional 30,991 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 2.2%

Shares of KHC opened at $24.38 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $29.19. The firm has a 50-day moving average price of $22.69 and a 200 day moving average price of $23.68. The firm has a market capitalization of $28.91 billion, a P/E ratio of -5.02 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data 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. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Kraft Heinz’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side analysts forecast that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.6%. Kraft Heinz’s dividend payout ratio is currently -32.92%.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. BNP Paribas Exane reduced their target price on shares of Kraft Heinz from $18.00 to $17.00 in a research report on Thursday, May 7th. Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Sanford C. Bernstein increased their target price on shares of Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $23.06.

Insider Activity

In related news, insider Cory Onell sold 4,991 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total value of $121,480.94. Following the completion of the sale, the insider 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 can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

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.