Kraft Heinz Company $KHC Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its position in Kraft Heinz Company (NASDAQ:KHC) by 38.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,036,877 shares of the company’s stock after acquiring an additional 567,694 shares during the quarter. ProShare Advisors LLC’s holdings in Kraft Heinz were worth $49,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. SG Americas Securities LLC boosted its stake in shares of Kraft Heinz by 2,264.5% during the fourth quarter. SG Americas Securities LLC now owns 1,458,451 shares of the company’s stock worth $35,367,000 after buying an additional 1,396,770 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Kraft Heinz by 112.2% during the third quarter. Ameriprise Financial Inc. now owns 2,491,597 shares of the company’s stock worth $64,872,000 after buying an additional 1,317,201 shares during the period. Swiss Life Asset Management Ltd lifted its holdings in shares of Kraft Heinz by 148.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after purchasing an additional 1,295,688 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Kraft Heinz by 77.5% during the third quarter. Victory Capital Management Inc. now owns 2,826,152 shares of the company’s stock worth $73,593,000 after purchasing an additional 1,234,078 shares during the period. Finally, Compass Rose Asset Management LP acquired a new stake in shares of Kraft Heinz during the third quarter worth $23,436,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $23.28 on Wednesday. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19. 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 business has a fifty day moving average of $22.61 and a two-hundred day moving average of $23.70. The company has a market cap of $27.60 billion, a P/E ratio of -4.79 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last released its 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. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. During the same quarter last year, the company earned $0.62 earnings per share. Kraft Heinz’s quarterly revenue was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts predict that Kraft Heinz Company will post 2.06 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, June 26th. Stockholders of record on Friday, June 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.92%.

Insider Activity

In other news, insider Cory Onell sold 9,045 shares of Kraft Heinz stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the transaction, the insider owned 202,454 shares of the company’s stock, valued at $4,982,392.94. The trade was a 4.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KHC shares. BTIG Research started coverage on Kraft Heinz in a report on Monday, April 13th. They set a “neutral” rating for the company. Zacks Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. UBS Group increased their price target on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. BNP Paribas Exane decreased their price target on Kraft Heinz from $18.00 to $17.00 in a report on Thursday, May 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kraft Heinz currently has an average rating of “Reduce” and an average target price of $23.06.

Kraft Heinz 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.