Kraft Heinz Company $KHC Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise decreased its holdings in Kraft Heinz Company (NASDAQ:KHC) by 52.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,834 shares of the company’s stock after selling 81,216 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Kraft Heinz were worth $1,638,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Jessup Wealth Management Inc acquired a new position in Kraft Heinz during the fourth quarter worth about $27,000. Reflection Asset Management purchased a new position in Kraft Heinz in the 4th quarter valued at approximately $28,000. Key Capital Management INC purchased a new position in Kraft Heinz in the 4th quarter valued at approximately $29,000. DV Equities LLC acquired a new position in Kraft Heinz during the fourth quarter worth $29,000. Finally, New England Capital Financial Advisors LLC raised its holdings in 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 worth $30,000 after purchasing an additional 511 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $23.72 on Friday. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year 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 50 day moving average price of $23.14 and a 200 day moving average price of $23.45. The company has a market cap of $28.13 billion, a price-to-earnings ratio of -4.88 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last announced 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. 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%. Kraft Heinz’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side analysts predict that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 6.7%. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.92%.

Insiders Place Their Bets

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on KHC. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a report on Sunday, May 31st. Piper Sandler lifted their price target on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Zacks Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, UBS Group raised their target price on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Kraft Heinz has an average rating of “Reduce” and a consensus price target of $22.75.

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.