Kraft Heinz Company $KHC Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210,187 shares of the company’s stock after selling 23,688 shares during the quarter. HighTower Advisors LLC’s holdings in Kraft Heinz were worth $5,097,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC increased its stake in shares of Kraft Heinz by 11.7% during the fourth quarter. TD Private Client Wealth LLC now owns 41,081 shares of the company’s stock worth $996,000 after acquiring an additional 4,293 shares during the period. Passumpsic Savings Bank acquired a new position in shares of Kraft Heinz during the fourth quarter worth about $403,000. North Dakota State Investment Board acquired a new position in shares of Kraft Heinz during the fourth quarter worth about $710,000. iA Global Asset Management Inc. increased its stake in shares of Kraft Heinz by 7.3% during the fourth quarter. iA Global Asset Management Inc. now owns 147,127 shares of the company’s stock worth $3,568,000 after acquiring an additional 10,049 shares during the period. Finally, Canada Post Corp Registered Pension Plan increased its holdings in shares of Kraft Heinz by 30.7% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 19,253 shares of the company’s stock valued at $467,000 after purchasing an additional 4,520 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KHC. Sanford C. Bernstein increased their price target on shares of Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a report on Thursday, February 12th. Evercore lowered their target price on shares of Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. Morgan Stanley set a $22.00 target price on shares of Kraft Heinz in a research report on Thursday, April 23rd. BNP Paribas Exane lowered their target price on shares of Kraft Heinz from $18.00 to $17.00 in a research report on Thursday, May 7th. Finally, Mizuho lowered their target price on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Kraft Heinz currently has a consensus rating of “Reduce” and a consensus price target of $23.06.

Insider Activity at Kraft Heinz

In other news, insider Cory Onell sold 4,991 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total value of $121,480.94. Following the sale, the insider directly owned 197,463 shares in the company, valued at $4,806,249.42. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by corporate insiders.

Kraft Heinz Trading Up 0.4%

Shares of KHC opened at $24.47 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average is $22.72 and its two-hundred day moving average is $23.69. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19. The firm has a market capitalization of $29.02 billion, a P/E ratio of -5.03 and a beta of 0.06.

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. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates 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 period in the prior year, the business posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, research analysts predict that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 6.5%. Kraft Heinz’s dividend payout ratio is currently -32.92%.

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.