Lombard Odier Asset Management Switzerland SA Acquires New Position in Kraft Heinz Company $KHC

Lombard Odier Asset Management Switzerland SA acquired a new stake in Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 200,876 shares of the company’s stock, valued at approximately $4,871,000.

Several other large investors have also bought and sold shares of the business. Jessup Wealth Management Inc acquired a new position in Kraft Heinz in the fourth quarter valued at about $27,000. Key Capital Management INC acquired a new position in Kraft Heinz in the fourth quarter valued at about $29,000. New England Capital Financial Advisors LLC lifted its stake in 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 valued at $30,000 after buying an additional 511 shares during the period. Rakuten Securities Inc. lifted its stake in Kraft Heinz by 172.4% in the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after buying an additional 788 shares during the period. Finally, Anfield Capital Management LLC lifted its stake in Kraft Heinz by 256.7% in the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after buying an additional 914 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Trading Down 0.8%

NASDAQ KHC opened at $23.80 on Wednesday. The firm has a market cap of $28.22 billion, a P/E ratio of -4.90 and a beta of 0.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. The stock’s 50-day moving average is $23.13 and its 200-day moving average is $23.56. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.89 billion. During the same period last year, the business posted $0.62 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side analysts anticipate that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.92%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company cut their target price on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Mizuho cut their target price on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. TD Cowen cut their target price on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Wall Street Zen lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating in a report on Sunday, May 31st. Finally, JPMorgan Chase & Co. cut their target price on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average 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.