Abel Hall LLC Has $695,000 Position in Kraft Heinz Company $KHC

Abel Hall LLC grew its stake in Kraft Heinz Company (NASDAQ:KHC) by 198.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,899 shares of the company’s stock after acquiring an additional 20,534 shares during the period. Abel Hall LLC’s holdings in Kraft Heinz were worth $695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ascentis Independent Advisors bought a new position in shares of Kraft Heinz in the first quarter valued at $64,000. Parrish Capital LLC raised its holdings in Kraft Heinz by 12.1% in the 1st quarter. Parrish Capital LLC now owns 40,931 shares of the company’s stock valued at $921,000 after acquiring an additional 4,434 shares during the period. Praxis Investment Management Inc. lifted its holdings in Kraft Heinz by 50.3% during the 1st quarter. Praxis Investment Management Inc. now owns 62,325 shares of the company’s stock worth $1,402,000 after purchasing an additional 20,858 shares during the last quarter. Hudson Edge Investment Partners Inc. boosted its position in shares of Kraft Heinz by 10.2% in the first quarter. Hudson Edge Investment Partners Inc. now owns 285,939 shares of the company’s stock valued at $6,431,000 after acquiring an additional 26,466 shares during the period. Finally, V Square Quantitative Management LLC increased its position in Kraft Heinz by 26.3% during the first quarter. V Square Quantitative Management LLC now owns 18,812 shares of the company’s stock worth $423,000 after acquiring an additional 3,920 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Activity at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction 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 transaction, the insider owned 102,667 shares in the company, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on KHC shares. JPMorgan Chase & Co. cut their price objective on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating for the company in a report on Wednesday, March 25th. BNP Paribas Exane raised their target price on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, June 30th. Morgan Stanley set a $22.00 price target on shares of Kraft Heinz in a research report on Thursday, April 23rd. Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their price target for the company from $25.00 to $21.00 in a research note on Wednesday, June 3rd. Finally, BTIG Research initiated coverage on Kraft Heinz in a research report on Monday, April 13th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Kraft Heinz currently has an average rating of “Reduce” and an average price target of $22.88.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $25.37 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. 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 $23.45.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. During the same quarter last year, the business posted $0.62 EPS. Kraft Heinz’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. 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 company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. Kraft Heinz’s payout ratio is -32.92%.

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.