Kraft Heinz Company $KHC Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. trimmed its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 24.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,259 shares of the company’s stock after selling 70,590 shares during the period. Cibc World Market Inc.’s holdings in Kraft Heinz were worth $5,293,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Kraft Heinz by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after purchasing an additional 616,283 shares in the last quarter. Invesco Ltd. grew its holdings in Kraft Heinz by 1.5% during the 3rd quarter. Invesco Ltd. now owns 17,855,352 shares of the company’s stock valued at $464,953,000 after purchasing an additional 270,678 shares in the last quarter. Nordea Investment Management AB grew its holdings in Kraft Heinz by 0.8% during the 4th quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock valued at $336,134,000 after purchasing an additional 106,970 shares in the last quarter. Norges Bank acquired a new stake in Kraft Heinz during the 4th quarter valued at $332,382,000. Finally, Bank of New York Mellon Corp grew its holdings in Kraft Heinz by 15.3% during the 4th quarter. Bank of New York Mellon Corp now owns 8,802,220 shares of the company’s stock valued at $213,454,000 after purchasing an additional 1,167,964 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group lowered their price target on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, March 30th. Zacks Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. TD Cowen decreased their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. BTIG Research started coverage on shares of Kraft Heinz in a report on Monday, April 13th. They set a “neutral” rating for the company. Finally, Evercore decreased their price objective on shares of Kraft Heinz from $25.00 to $22.00 in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $22.69.

Key Stories Impacting Kraft Heinz

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Jim Cramer said he has “faith” in Kraft Heinz CEO Steve, which may help improve sentiment by signaling confidence in management and the company’s turnaround prospects. Jim Cramer on Kraft Heinz CEO: “I Have Faith in Steve”
• Positive Sentiment: Unusual call-option activity suggests some traders are positioning for a rebound, which can sometimes signal renewed speculative interest in the shares. Unusual trading in Kraft Heinz call options after CEO interview – Is KHC stock a buy?
• Neutral Sentiment: The company’s recent earnings were generally solid, with Kraft Heinz beating EPS and revenue estimates last month, but the stock has still struggled to hold momentum afterward. Kraft Heinz stock/earnings overview
• Negative Sentiment: Bernstein downgraded Kraft Heinz to Underperform/Sell and lowered its price target, reinforcing worries that the shares could have more downside ahead. Kraft Heinz was downgraded to a Sell Rating at Bernstein
• Negative Sentiment: Articles focused on the stock being down since its last earnings report highlight weakening momentum and investor concern that the post-earnings rally has faded. Why Is Kraft Heinz (KHC) Down 5% Since Last Earnings Report?
• Negative Sentiment: Management commentary on “negative cash flows” among lower-income consumers points to softer demand for packaged foods if stressed households keep pulling back on spending. Running out of money: Kraft, McDonald’s, Whirlpool CEOs all issue same dire warning about US consumers

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $22.58 on Monday. The firm’s 50-day moving average is $22.91 and its 200-day moving average is $23.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19. The company has a market cap of $26.77 billion, a P/E ratio of -4.65 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. During the same period last year, the firm posted $0.62 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.92%.

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.