First Horizon Corp Boosts Holdings in Kraft Heinz Company $KHC

First Horizon Corp lifted its holdings in Kraft Heinz Company (NASDAQ:KHC) by 44.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 186,113 shares of the company’s stock after acquiring an additional 57,452 shares during the quarter. First Horizon Corp’s holdings in Kraft Heinz were worth $4,186,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in KHC. Money Concepts Capital Corp lifted its stake in Kraft Heinz by 18.1% in the first quarter. Money Concepts Capital Corp now owns 10,336 shares of the company’s stock worth $232,000 after purchasing an additional 1,583 shares during the last quarter. Resona Asset Management Co. Ltd. grew its stake in shares of Kraft Heinz by 0.5% during the first quarter. Resona Asset Management Co. Ltd. now owns 267,030 shares of the company’s stock valued at $5,998,000 after buying an additional 1,323 shares during the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Kraft Heinz by 186.3% in the first quarter. Personal CFO Solutions LLC now owns 37,898 shares of the company’s stock worth $852,000 after buying an additional 24,661 shares during the period. Saxon Interests Inc. purchased a new position in shares of Kraft Heinz in the first quarter worth about $950,000. Finally, Bank of Stockton bought a new stake in shares of Kraft Heinz in the 1st quarter valued at about $443,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Up 0.7%

NASDAQ KHC opened at $24.85 on Friday. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19. The stock has a market capitalization of $29.47 billion, a PE ratio of -5.11 and a beta of 0.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. The business’s 50-day moving average is $23.67 and its 200 day moving average is $23.47.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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 business 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 company posted $0.62 EPS. Kraft Heinz’s quarterly revenue was up .8% compared to the same quarter last year. 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 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 6.4%. Kraft Heinz’s payout ratio is -32.92%.

Analyst Upgrades and Downgrades

KHC has been the topic of several recent research reports. UBS Group raised their price target on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Morgan Stanley set a $22.00 price objective on Kraft Heinz in a research note on Thursday, April 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. Finally, Jefferies Financial Group decreased their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $23.00.

Insider Activity at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the transaction, the insider owned 102,667 shares in the company, valued at $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

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.