TD Asset Management Inc Has $9 Million Stock Position in Kraft Heinz Company $KHC

TD Asset Management Inc decreased its stake in Kraft Heinz Company (NASDAQ:KHC) by 18.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 371,250 shares of the company’s stock after selling 81,883 shares during the period. TD Asset Management Inc’s holdings in Kraft Heinz were worth $9,003,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Key Capital Management INC acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $29,000. New England Capital Financial Advisors LLC grew its stake in shares of Kraft Heinz by 70.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after acquiring an additional 511 shares during the last quarter. Rakuten Securities Inc. grew 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 acquiring an additional 788 shares during the last quarter. Anfield Capital Management LLC grew its stake in shares of Kraft Heinz by 256.7% in the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after acquiring an additional 914 shares during the last quarter. Finally, Brown Shipley& Co Ltd acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $40,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KHC. Mizuho reduced their target price on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Wells Fargo & Company reduced their target price on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Wall Street Zen cut Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Sunday, May 31st. TD Cowen reduced their target price on 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, Zacks Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $22.69.

Kraft Heinz Stock Up 0.3%

Shares of KHC stock opened at $23.43 on Wednesday. The stock has a market cap of $27.78 billion, a P/E ratio of -4.82 and a beta of 0.08. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19. The stock has a fifty day moving average price of $22.97 and a 200 day moving average price of $23.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82.

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

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.8%. Kraft Heinz’s dividend payout ratio (DPR) is -32.92%.

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.