Alps Advisors Inc. Purchases 87,047 Shares of Kraft Heinz Company $KHC

Alps Advisors Inc. grew its position in Kraft Heinz Company (NASDAQ:KHC) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,025,960 shares of the company’s stock after acquiring an additional 87,047 shares during the period. Alps Advisors Inc.’s holdings in Kraft Heinz were worth $24,880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jessup Wealth Management Inc acquired a new position in Kraft Heinz in the 4th quarter valued at about $27,000. Key Capital Management INC acquired a new position in Kraft Heinz in the 4th quarter valued at about $29,000. New England Capital Financial Advisors LLC grew its stake in Kraft Heinz by 70.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after buying an additional 511 shares during the last quarter. Rakuten Securities Inc. grew its stake in Kraft Heinz by 172.4% in the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after buying an additional 788 shares during the last quarter. Finally, Anfield Capital Management LLC grew its stake in Kraft Heinz by 256.7% in the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after buying an additional 914 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $24.22 on Friday. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19. 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 company has a 50-day simple moving average of $23.04 and a two-hundred day simple moving average of $23.58. The stock has a market capitalization of $28.72 billion, a price-to-earnings ratio of -4.98 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data 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 negative net margin of 23.05% and a positive return on equity of 7.26%. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.89 billion. During the same quarter in the previous year, the company earned $0.62 EPS. The business’s revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts forecast that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 6.6%. Kraft Heinz’s payout ratio is -32.92%.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of research reports. Wall Street Zen lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. The Goldman Sachs Group set a $23.00 price target on shares of Kraft Heinz in a research note on Thursday, February 12th. Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. TD Cowen decreased their price target on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research note 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, fourteen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $22.69.

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.