Barclays PLC Buys 3,926,141 Shares of Kraft Heinz Company $KHC

Barclays PLC grew its stake in Kraft Heinz Company (NASDAQ:KHC) by 77.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,973,146 shares of the company’s stock after acquiring an additional 3,926,141 shares during the period. Barclays PLC owned 0.76% of Kraft Heinz worth $217,599,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jessup Wealth Management Inc bought a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $27,000. Key Capital Management INC bought a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $29,000. New England Capital Financial Advisors LLC boosted its stake in shares of Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after purchasing an additional 511 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares in the last quarter. Finally, Anfield Capital Management LLC boosted its stake in shares of Kraft Heinz by 256.7% during the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after purchasing an additional 914 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $24.39 on Monday. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The firm has a fifty day simple moving average of $23.08 and a 200-day simple moving average of $23.58. 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 company has a market capitalization of $28.92 billion, a P/E ratio of -5.02 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 EPS 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 the consensus estimate of $5.89 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’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, equities research analysts anticipate that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is -32.92%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KHC. Jefferies Financial Group dropped their price objective on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. dropped their price objective on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 25th. Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a research note on Thursday, April 23rd. Finally, BTIG Research began coverage on shares of Kraft Heinz in a research note on Monday, April 13th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, Kraft Heinz presently has a consensus rating of “Reduce” and a consensus price target of $22.69.

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.