Kraft Heinz Company $KHC Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC lowered its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,334 shares of the company’s stock after selling 27,300 shares during the quarter. Easterly Investment Partners LLC’s holdings in Kraft Heinz were worth $3,500,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Key Capital Management INC acquired a new position in shares of Kraft Heinz during the 4th quarter valued at about $29,000. New England Capital Financial Advisors LLC increased its stake in shares of Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after acquiring an additional 511 shares during the last quarter. Rakuten Securities Inc. increased its stake in shares of Kraft Heinz by 172.4% during the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after acquiring an additional 788 shares during the last quarter. Anfield Capital Management LLC increased its stake in shares of Kraft Heinz by 256.7% during the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after acquiring an additional 914 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of Kraft Heinz during the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KHC shares. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. The Goldman Sachs Group set a $23.00 price objective on shares of Kraft Heinz in a research report on Thursday, February 12th. TD Cowen lowered their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. Zacks Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $23.06.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $24.01 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $29.19. The company has a 50 day moving average of $22.76 and a two-hundred day moving average of $23.68. The company has a market capitalization of $28.47 billion, a price-to-earnings ratio of -4.94 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts forecast that Kraft Heinz Company will post 2.07 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, June 26th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio is -32.92%.

Insider Activity at Kraft Heinz

In other 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 in the company, valued at approximately $4,806,249.42. This represents a 2.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.

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.