Royce & Associates LP Buys 85,000 Shares of Kraft Heinz Company $KHC

Royce & Associates LP increased its position in Kraft Heinz Company (NASDAQ:KHC) by 68.0% during the third quarter, HoldingsChannel.com reports. The firm owned 210,000 shares of the company’s stock after acquiring an additional 85,000 shares during the quarter. Royce & Associates LP’s holdings in Kraft Heinz were worth $5,468,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. lifted its stake in shares of Kraft Heinz by 172.4% in the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after buying an additional 788 shares in the last quarter. Anfield Capital Management LLC lifted its position 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 acquiring an additional 914 shares in the last quarter. Cape Investment Advisory Inc. lifted its position in Kraft Heinz by 164.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after acquiring an additional 807 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in Kraft Heinz during the 3rd quarter valued at $38,000. Finally, Albion Financial Group UT bought a new stake in shares of Kraft Heinz in the 3rd quarter worth $43,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

Shares of KHC opened at $24.04 on Thursday. The business has a 50-day simple moving average of $24.00 and a two-hundred day simple moving average of $25.02. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 52 week low of $21.99 and a 52 week high of $33.35. The stock has a market cap of $28.46 billion, a price-to-earnings ratio of -4.87 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.7%. Kraft Heinz’s dividend payout ratio is -32.39%.

Insiders Place Their Bets

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the sale, the insider directly owned 197,463 shares of the company’s stock, valued at $4,806,249.42. This trade represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Miguel Patricio sold 125,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the transaction, the insider directly owned 686,817 shares of the company’s stock, valued at approximately $17,046,797.94. This trade represents a 15.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 139,036 shares of company stock valued at $3,446,578. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. Jefferies Financial Group dropped their price objective on Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, January 20th. The Goldman Sachs Group set a $23.00 target price on shares of Kraft Heinz in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kraft Heinz from $26.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. Mizuho decreased their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Finally, Barclays raised their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, Kraft Heinz presently has a consensus rating of “Reduce” and an average price target of $24.89.

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.