Kraft Heinz (NASDAQ:KHC) Insider Diana Frost Sells 18,502 Shares of Stock

Kraft Heinz Company (NASDAQ:KHC) insider Diana Frost sold 18,502 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, the insider owned 102,667 shares in the company, valued at $2,366,474.35. The trade was a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $22.03 on Tuesday. 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 stock has a 50 day simple moving average of $23.08 and a 200-day simple moving average of $23.48. The company has a market cap of $26.12 billion, a price-to-earnings ratio of -4.53 and a beta of 0.08. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $29.19.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating 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 firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The company’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 analysts forecast that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s payout ratio is presently -32.92%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Auto Owners Insurance Co lifted its stake in Kraft Heinz by 3,034.1% in the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock valued at $39,957,000 after buying an additional 15,951,271 shares in the last quarter. Norges Bank purchased a new position in Kraft Heinz during the fourth quarter worth $332,382,000. Barclays PLC raised its holdings in shares of Kraft Heinz by 77.8% in the fourth quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock worth $217,599,000 after acquiring an additional 3,926,141 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Kraft Heinz by 94.8% in the first quarter. California Public Employees Retirement System now owns 4,347,594 shares of the company’s stock worth $97,777,000 after acquiring an additional 2,116,175 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Kraft Heinz by 226.3% in the first quarter. KBC Group NV now owns 2,990,755 shares of the company’s stock valued at $67,262,000 after acquiring an additional 2,074,270 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. BNP Paribas Exane decreased their price objective on shares of Kraft Heinz from $18.00 to $17.00 in a report on Thursday, May 7th. Wells Fargo & Company lowered their target price on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. TD Cowen reduced their price target on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. Finally, UBS Group boosted their price target on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $22.69.

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.