Cory Onell Sells 4,991 Shares of Kraft Heinz (NASDAQ:KHC) Stock

Kraft Heinz Company (NASDAQ:KHC) insider Cory Onell sold 4,991 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total transaction of $121,480.94. Following the completion of the transaction, the insider directly owned 197,463 shares of the company’s stock, valued at $4,806,249.42. This trade represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cory Onell also recently made the following trade(s):

• On Monday, March 2nd, Cory Onell sold 9,045 shares of Kraft Heinz stock. The stock was sold at an average price of $24.61, for a total value of $222,597.45.

Kraft Heinz Trading Down 1.2%

NASDAQ:KHC traded down $0.29 on Tuesday, reaching $24.22. The company’s stock had a trading volume of 15,478,066 shares, compared to its average volume of 15,539,150. Kraft Heinz Company has a 1-year low of $21.99 and a 1-year high of $33.35. The business’s 50-day moving average price is $24.00 and its two-hundred day moving average price is $25.03. The firm has a market cap of $28.67 billion, a PE ratio of -4.90 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter last year, the firm posted $0.84 earnings per share. Kraft Heinz’s revenue was down 3.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Friday, March 6th. Kraft Heinz’s dividend payout ratio is -32.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KHC shares. Zacks Research cut shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Morgan Stanley reissued an “underweight” rating and issued a $23.00 price target on shares of Kraft Heinz in a research note on Tuesday, February 17th. BNP Paribas Exane reduced their price objective on Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating for the company in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on Kraft Heinz from $26.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, February 12th. Finally, Jefferies Financial Group dropped their target price on Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $24.89.

Institutional Trading of Kraft Heinz

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. STF Management LP boosted its position in Kraft Heinz by 2.1% during the second quarter. STF Management LP now owns 18,475 shares of the company’s stock valued at $477,000 after purchasing an additional 374 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Kraft Heinz by 15.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,219 shares of the company’s stock worth $84,000 after purchasing an additional 431 shares in the last quarter. Graney & King LLC raised its stake in shares of Kraft Heinz by 20.5% during the 4th quarter. Graney & King LLC now owns 2,560 shares of the company’s stock worth $62,000 after purchasing an additional 435 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Kraft Heinz by 3.2% in the 4th quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock valued at $361,000 after buying an additional 458 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Kraft Heinz by 13.4% in the third quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock valued at $101,000 after buying an additional 460 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

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.