Easterly Investment Partners LLC Trims Holdings in Kraft Heinz Company $KHC

Easterly Investment Partners LLC reduced its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,334 shares of the company’s stock after selling 27,300 shares during the quarter. Easterly Investment Partners LLC’s holdings in Kraft Heinz were worth $3,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Kraft Heinz by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after buying an additional 616,283 shares during the last quarter. Invesco Ltd. lifted its stake in Kraft Heinz by 1.5% during the third quarter. Invesco Ltd. now owns 17,855,352 shares of the company’s stock worth $464,953,000 after purchasing an additional 270,678 shares during the last quarter. Nordea Investment Management AB lifted its stake in Kraft Heinz by 0.8% during the fourth quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock worth $336,134,000 after purchasing an additional 106,970 shares during the last quarter. Norges Bank bought a new position in Kraft Heinz during the fourth quarter worth $332,382,000. Finally, Dimensional Fund Advisors LP lifted its stake in Kraft Heinz by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 8,043,650 shares of the company’s stock worth $209,427,000 after purchasing an additional 311,020 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

KHC stock opened at $24.01 on Monday. 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 stock has a market capitalization of $28.47 billion, a price-to-earnings ratio of -4.94 and a beta of 0.08. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19. The stock’s fifty day moving average is $22.76 and its two-hundred day moving average is $23.68.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the business posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, research analysts predict that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.92%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KHC shares. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. TD Cowen reduced their price objective on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. The Goldman Sachs Group set a $23.00 price objective on Kraft Heinz in a research note on Thursday, February 12th. Finally, Jefferies Financial Group reduced their price objective on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $23.06.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total value of $121,480.94. Following the sale, the insider directly owned 197,463 shares in the company, valued at approximately $4,806,249.42. This trade represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

Kraft Heinz Company 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.