Lido Advisors LLC Has $348,000 Stock Position in Kraft Heinz Company $KHC

Lido Advisors LLC lowered its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 56.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,474 shares of the company’s stock after selling 20,416 shares during the period. Lido Advisors LLC’s holdings in Kraft Heinz were worth $348,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Kraft Heinz by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after acquiring an additional 616,283 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in shares of Kraft Heinz by 148.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock valued at $52,595,000 after acquiring an additional 1,295,688 shares during the period. Westhampton Capital LLC acquired a new position in shares of Kraft Heinz during the 4th quarter worth about $1,222,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Kraft Heinz by 14.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,224,052 shares of the company’s stock worth $78,183,000 after purchasing an additional 397,329 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Kraft Heinz by 322.0% in the 4th quarter. KBC Group NV now owns 916,485 shares of the company’s stock valued at $22,224,000 after purchasing an additional 699,290 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $25.85 on Friday. The stock has a market cap of $30.65 billion, a PE ratio of -5.32 and a beta of 0.09. 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 of $24.48 and a 200-day moving average of $23.69. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $28.10.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The business 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 quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, sell-side analysts anticipate that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. Kraft Heinz’s dividend payout ratio is presently -32.92%.

Insider Buying and Selling at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the transaction, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. upped their price objective on Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft raised their price objective on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. BTIG Research assumed coverage on Kraft Heinz in a research note on Monday, April 13th. They set a “neutral” rating for the company. Finally, Sanford C. Bernstein lowered Kraft Heinz from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $23.19.

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.