Kraft Heinz Company $KHC Stock Bought by Sigma Planning Corp

Sigma Planning Corp increased its stake in Kraft Heinz Company (NASDAQ:KHC) by 37.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 195,330 shares of the company’s stock after purchasing an additional 53,594 shares during the quarter. Sigma Planning Corp’s holdings in Kraft Heinz were worth $4,438,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Waverly Advisors LLC increased its position in Kraft Heinz by 3.9% in the second quarter. Waverly Advisors LLC now owns 11,438 shares of the company’s stock worth $270,000 after buying an additional 433 shares during the last quarter. 55 North Private Wealth LLC lifted its position in shares of Kraft Heinz by 4.2% during the 3rd quarter. 55 North Private Wealth LLC now owns 11,225 shares of the company’s stock valued at $255,000 after buying an additional 453 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Kraft Heinz by 19.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,097 shares of the company’s stock valued at $73,000 after buying an additional 508 shares during the last quarter. Triumph Capital Management grew its stake in shares of Kraft Heinz by 14.4% during the 2nd quarter. Triumph Capital Management now owns 4,042 shares of the company’s stock worth $95,000 after acquiring an additional 509 shares during the period. Finally, Van Hulzen Asset Management LLC grew its stake in shares of Kraft Heinz by 5.6% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 10,029 shares of the company’s stock worth $237,000 after acquiring an additional 529 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $24.69 on Tuesday. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.09. The business has a fifty day moving average price of $24.15 and a 200-day moving average price of $23.87. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The firm has a market capitalization of $29.28 billion, a P/E ratio of -8.63, a PEG ratio of 2.99 and a beta of 0.12.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, equities research analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Friday, September 4th. Kraft Heinz’s payout ratio is presently -55.94%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. Jefferies Financial Group reiterated a “hold” rating and set a $21.00 target price on shares of Kraft Heinz in a research report on Wednesday, October 14th. Weiss Ratings downgraded shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. lowered their price target on shares of Kraft Heinz from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 20th. Finally, TD Cowen restated a “hold” rating and set a $22.00 price target on shares of Kraft Heinz in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $23.81.

Kraft Heinz Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.

The company’s brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.