Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $1.11 Million Stake in Kraft Heinz Company $KHC

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its stake in Kraft Heinz Company (NASDAQ:KHC) by 106.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,363 shares of the company’s stock after buying an additional 25,434 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Kraft Heinz were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KHC. KPP Advisory Services LLC acquired a new position in Kraft Heinz in the 1st quarter valued at $302,000. Root Financial Partners LLC increased its position in shares of Kraft Heinz by 46.9% in the first quarter. Root Financial Partners LLC now owns 2,053 shares of the company’s stock worth $46,000 after purchasing an additional 655 shares during the period. Essex Financial Services Inc. increased its position in shares of Kraft Heinz by 30.0% in the first quarter. Essex Financial Services Inc. now owns 11,728 shares of the company’s stock worth $264,000 after purchasing an additional 2,703 shares during the period. USS Investment Management Ltd raised its stake in Kraft Heinz by 9.9% in the first quarter. USS Investment Management Ltd now owns 152,980 shares of the company’s stock valued at $3,440,000 after purchasing an additional 13,815 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in Kraft Heinz by 600.0% in the first quarter. SJS Investment Consulting Inc. now owns 2,331 shares of the company’s stock valued at $52,000 after purchasing an additional 1,998 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $25.37 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. The stock has a market cap of $30.08 billion, a PE ratio of -5.22 and a beta of 0.09. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $29.19. The business’s 50-day moving average price is $23.39 and its two-hundred day moving average price is $23.46.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, May 6th. The company reported $0.58 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 firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.89 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 6.3%. Kraft Heinz’s dividend payout ratio is presently -32.92%.

Insiders Place Their Bets

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the sale, the insider owned 102,667 shares in the company, valued at $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KHC has been the topic of a number of analyst reports. Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a research note on Thursday, April 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. UBS Group upped their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Sanford C. Bernstein lowered shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. Finally, Wells Fargo & Company decreased their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $22.88.

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.