Kraft Heinz Company $KHC Shares Sold by Assetmark Inc.

Assetmark Inc. reduced its stake in Kraft Heinz Company (NASDAQ:KHC) by 91.3% during the 1st quarter, Holdings Channel reports. The fund owned 9,963 shares of the company’s stock after selling 104,259 shares during the period. Assetmark Inc.’s holdings in Kraft Heinz were worth $224,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. BML Capital Management LLC purchased a new stake in Kraft Heinz during the 1st quarter worth about $2,811,000. Brown Shipley& Co Ltd raised its position in shares of Kraft Heinz by 56.3% in the first quarter. Brown Shipley& Co Ltd now owns 2,569 shares of the company’s stock valued at $58,000 after buying an additional 925 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Kraft Heinz by 13.4% during the first quarter. Bessemer Group Inc. now owns 10,167 shares of the company’s stock valued at $229,000 after buying an additional 1,199 shares during the period. Avalon Trust Co boosted its position in Kraft Heinz by 355.6% during the first quarter. Avalon Trust Co now owns 2,050 shares of the company’s stock worth $46,000 after acquiring an additional 1,600 shares during the last quarter. Finally, SteelPeak Wealth LLC purchased a new stake in Kraft Heinz in the 1st quarter worth approximately $825,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

KHC has been the subject of several analyst reports. Piper Sandler boosted their price target on Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. lifted their price objective on Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research note on Friday, July 17th. BTIG Research started coverage on Kraft Heinz in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. One equities research 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 stock. According to MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and a consensus price target of $23.19.

Kraft Heinz Stock Up 2.1%

Shares of NASDAQ KHC opened at $26.22 on Tuesday. The stock has a market capitalization of $31.09 billion, a PE ratio of -5.40 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 has a fifty day moving average of $24.22 and a 200-day moving average of $23.59. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $29.19.

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 business 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 posted $0.62 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, analysts anticipate that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s payout ratio is currently -32.92%.

Insider Activity

In related news, insider Diana Frost sold 18,502 shares of the stock in a transaction that occurred on 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 sale, the insider owned 102,667 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

About Kraft Heinz

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.