Kestra Private Wealth Services LLC Has $1.15 Million Holdings in Kraft Heinz Company $KHC

Kestra Private Wealth Services LLC cut its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 47.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 47,365 shares of the company’s stock after selling 42,058 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Kraft Heinz were worth $1,149,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KHC. Ashton Thomas Private Wealth LLC acquired a new position in shares of Kraft Heinz during the first quarter worth $207,000. Woodline Partners LP increased its holdings in shares of Kraft Heinz by 39.0% during the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after buying an additional 20,690 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Kraft Heinz by 16.6% during the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock worth $1,323,000 after buying an additional 7,307 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Kraft Heinz by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after purchasing an additional 4,003 shares during the last quarter. Finally, HUB Investment Partners LLC bought a new stake in shares of Kraft Heinz in the second quarter worth $207,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Down 0.8%

Shares of NASDAQ KHC opened at $22.49 on Friday. The stock has a market capitalization of $26.67 billion, a P/E ratio of -4.55 and a beta of 0.06. The company has a 50-day moving average price of $22.87 and a 200-day moving average price of $23.88. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.79.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The business’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities research analysts forecast that Kraft Heinz Company will post 2.04 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.39%.

Insider Buying and Selling at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45. Following the transaction, the insider directly owned 202,454 shares of the company’s stock, valued at $4,982,392.94. This trade represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on KHC. Barclays boosted their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Evercore decreased their price target on shares of Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. JPMorgan Chase & Co. decreased their price target on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, March 25th. Finally, BTIG Research began coverage on shares of Kraft Heinz in a research note on Monday, April 13th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $23.47.

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.