Flputnam Investment Management Co. Decreases Holdings in Kraft Heinz Company $KHC

Flputnam Investment Management Co. trimmed its stake in Kraft Heinz Company (NASDAQ:KHC) by 36.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,031 shares of the company’s stock after selling 21,031 shares during the period. Flputnam Investment Management Co.’s holdings in Kraft Heinz were worth $874,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KHC. Life Cycle Investment Partners Ltd purchased a new stake in shares of Kraft Heinz in the 4th quarter worth $34,451,000. SG Americas Securities LLC increased its stake in shares of Kraft Heinz by 2,264.5% in the 4th quarter. SG Americas Securities LLC now owns 1,458,451 shares of the company’s stock worth $35,367,000 after purchasing an additional 1,396,770 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Kraft Heinz by 112.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,491,597 shares of the company’s stock worth $64,872,000 after purchasing an additional 1,317,201 shares in the last quarter. Swiss Life Asset Management Ltd increased its stake in shares of Kraft Heinz by 148.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after purchasing an additional 1,295,688 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Kraft Heinz by 77.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,826,152 shares of the company’s stock worth $73,593,000 after purchasing an additional 1,234,078 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total value of $121,480.94. Following the completion of the sale, the insider owned 197,463 shares in the company, valued at approximately $4,806,249.42. This represents a 2.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

Kraft Heinz Trading Up 0.4%

Shares of KHC stock opened at $24.47 on Friday. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $29.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The firm has a market capitalization of $29.02 billion, a PE ratio of -5.03 and a beta of 0.06. The stock has a fifty day simple moving average of $22.72 and a two-hundred day simple moving average of $23.69.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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 business posted $0.62 EPS. Kraft Heinz’s revenue for the quarter was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, analysts predict that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. BTIG Research assumed coverage on Kraft Heinz in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Wall Street Zen upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Jefferies Financial Group reduced their price objective on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Evercore reduced their price objective on Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. Finally, TD Cowen reduced their price objective on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, March 25th. One research 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. According to data from MarketBeat.com, Kraft Heinz has a consensus rating of “Reduce” and an average target price of $23.06.

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.