Hsbc Holdings PLC Acquires 783,361 Shares of Kraft Heinz Company $KHC

Hsbc Holdings PLC lifted its holdings in Kraft Heinz Company (NASDAQ:KHC) by 40.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,742,285 shares of the company’s stock after buying an additional 783,361 shares during the quarter. Hsbc Holdings PLC’s holdings in Kraft Heinz were worth $66,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KHC. Reflection Asset Management purchased a new position in Kraft Heinz during the 4th quarter valued at $28,000. MidFirst Bank bought a new stake in shares of Kraft Heinz during the fourth quarter worth $185,000. Kera Capital Partners Inc. bought a new stake in shares of Kraft Heinz during the fourth quarter worth $327,000. Virtu Financial LLC boosted its stake in shares of Kraft Heinz by 433.9% during the fourth quarter. Virtu Financial LLC now owns 245,426 shares of the company’s stock valued at $5,952,000 after purchasing an additional 199,460 shares during the period. Finally, MV Capital Management Inc. bought a new position in shares of Kraft Heinz in the fourth quarter worth about $202,000. 78.17% of the stock is owned by institutional investors.

Insider Transactions at Kraft Heinz

In related 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 value of $426,471.10. Following the completion of the transaction, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KHC has been the topic of several recent analyst reports. Piper Sandler reduced their price target on shares of Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. TD Cowen dropped their target price on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Morgan Stanley set a $22.00 target price on shares of Kraft Heinz in a research report on Thursday, April 23rd. UBS Group lifted their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, BTIG Research began coverage on Kraft Heinz in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $22.69.

Kraft Heinz Stock Performance

KHC stock opened at $22.03 on Tuesday. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.19. The business has a 50-day moving average price of $23.08 and a 200 day moving average price of $23.48. The company has a market capitalization of $26.12 billion, a P/E ratio of -4.53 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.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities research analysts forecast that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid 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 7.3%. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.

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.