Kraft Heinz Company $KHC Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 641.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 201,201 shares of the company’s stock after purchasing an additional 174,082 shares during the quarter. Fifth Third Bancorp’s holdings in Kraft Heinz were worth $4,525,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Jessup Wealth Management Inc acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at about $27,000. Reflection Asset Management acquired a new position in Kraft Heinz during the 4th quarter worth approximately $28,000. DV Equities LLC purchased a new position in Kraft Heinz in the 4th quarter worth approximately $29,000. Key Capital Management INC acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $29,000. Finally, New England Capital Financial Advisors LLC raised its stake in shares of Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after purchasing an additional 511 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KHC has been the topic of several recent analyst reports. Morgan Stanley set a $22.00 price target on Kraft Heinz in a research note on Thursday, April 23rd. BTIG Research began coverage on Kraft Heinz in a report on Monday, April 13th. They set a “neutral” rating on the stock. Jefferies Financial Group cut their target price on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. TD Cowen decreased their price target 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. Finally, Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and an average target price of $23.12.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $25.88 on Friday. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $29.19. The stock has a market capitalization of $30.69 billion, a P/E ratio of -5.33 and a beta of 0.09. 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 firm’s 50-day moving average price is $23.91 and its two-hundred day moving average price is $23.52.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping 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 firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. During the same period last year, the company earned $0.62 earnings per share. The firm’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, 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 disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s dividend payout ratio is -32.92%.

Insider Buying and Selling

In related news, insider Diana Frost sold 18,502 shares of the firm’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 value of $426,471.10. Following the sale, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. This trade represents a 15.27% decrease in their position. The transaction 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.