D.A. Davidson & CO. Sells 49,468 Shares of Kraft Heinz Company $KHC

D.A. Davidson & CO. decreased its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 70.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,777 shares of the company’s stock after selling 49,468 shares during the period. D.A. Davidson & CO.’s holdings in Kraft Heinz were worth $467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of KHC. Ashton Thomas Private Wealth LLC purchased a new stake in Kraft Heinz in the first quarter worth about $207,000. Woodline Partners LP raised its holdings in shares of Kraft Heinz by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after purchasing an additional 20,690 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Kraft Heinz by 16.6% in the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after purchasing an additional 7,307 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Kraft Heinz by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after purchasing an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC purchased a new stake in shares of Kraft Heinz in the 2nd quarter worth approximately $207,000. Hedge funds and other institutional investors 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 company’s stock in a transaction dated Thursday, June 18th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is owned by corporate insiders.

Key Kraft Heinz News

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

• Positive Sentiment: Kraft Heinz announced a strategic alliance with Walt Disney spanning food service, media, events, and branded experiences, which could open new revenue and marketing opportunities and improve the company’s turnaround story. Article Title
• Positive Sentiment: Traders bought 74,729 call options on KHC, far above normal volume, suggesting rising speculation on further upside in the shares.
• Positive Sentiment: Coverage highlighting Kraft Heinz as an ideal LBO/take-private target may be supporting the stock by keeping deal speculation alive, especially given its beaten-down valuation profile. Article Title
• Neutral Sentiment: Analyst commentary on consumer staples names, including KHC, suggests the stock remains a debated value play rather than a clear consensus winner. Article Title
• Negative Sentiment: Recent market coverage noted that KHC had fallen in the prior session, reflecting ongoing investor caution around the company’s fundamentals and the broader consumer-staples backdrop. Article Title

Kraft Heinz Trading Up 1.2%

Shares of KHC stock opened at $25.67 on Friday. 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 $30.44 billion, a price-to-earnings ratio of -5.28 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 stock has a 50 day simple moving average of $24.16 and a 200-day simple moving average of $23.57.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities research analysts expect that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 6.2%. Kraft Heinz’s payout ratio is currently -32.92%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KHC shares. Piper Sandler lifted their price objective on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Morgan Stanley set a $22.00 target price on Kraft Heinz in a research report on Thursday, April 23rd. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. BNP Paribas Exane boosted their price target on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. upped their price objective on Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $23.19.

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.