Sterling Capital Management LLC Decreases Holdings in Kraft Heinz Company $KHC

Sterling Capital Management LLC reduced its position in Kraft Heinz Company (NASDAQ:KHC) by 40.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,903 shares of the company’s stock after selling 20,716 shares during the period. Sterling Capital Management LLC’s holdings in Kraft Heinz were worth $673,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jessup Wealth Management Inc purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at $27,000. Reflection Asset Management acquired a new stake in shares of Kraft Heinz during the 4th quarter worth about $28,000. Key Capital Management INC acquired a new stake in shares of Kraft Heinz during the 4th quarter worth about $29,000. DV Equities LLC purchased a new stake in shares of Kraft Heinz during the fourth quarter worth about $29,000. Finally, New England Capital Financial Advisors LLC raised its position in shares of Kraft Heinz by 70.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after buying an additional 511 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $25.01 on Thursday. The firm’s fifty day simple moving average is $23.25 and its 200 day simple moving average is $23.44. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19. The firm has a market capitalization of $29.66 billion, a price-to-earnings ratio of -5.15 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. During the same period in the prior year, the firm earned $0.62 EPS. The firm’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, equities research analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. Kraft Heinz’s dividend payout ratio (DPR) is -32.92%.

Insider Activity at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the sale, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their position. The sale 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 News Roundup

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Kraft Heinz’s new global reorganization took effect July 1, consolidating operations into three regional hubs and combining procurement and supply chain functions. Investors may see the move as a way to improve efficiency, speed decision-making, and support margins. Kraft Heinz (KHC) Is Up 5.1% After Global Reorganization Into Three Regional Operating Hubs
• Positive Sentiment: Recent coverage suggests the stock has bounced from recent lows and may be attracting value-focused buyers after a period of weak longer-term performance. Kraft Heinz (KHC) Stock After Recent Bounce Is The Price Now Attractive
• Neutral Sentiment: Articles revisiting Warren Buffett’s long-held Berkshire Hathaway stake keep Kraft Heinz in the spotlight, but this is more of a reminder of its legacy ownership than a new fundamental catalyst. Warren Buffett’s Berkshire Hathaway Has Held The Kraft Heinz Company (KHC) Since 2015
• Negative Sentiment: Bernstein maintained a sell rating on Kraft Heinz, signaling continued analyst concern about the stock’s outlook. Bernstein Keeps Their Sell Rating on Kraft Heinz (KHC)
• Negative Sentiment: New commentary says Kraft Heinz’s bet that inflation had peaked may be too optimistic, with July 4 grocery and cookout prices still reflecting elevated food costs. That could pressure margins and challenge the company’s pricing strategy. Kraft Heinz bet inflation peaked, but July 4 grocery bills show otherwise
• Negative Sentiment: Another article argues there are multiple reasons to sell KHC, noting the stock has lagged broader market performance this year. 3 Reasons to Sell KHC and 1 Stock to Buy Instead

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KHC. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. BNP Paribas Exane boosted their price target on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. BTIG Research began coverage on Kraft Heinz in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Piper Sandler upped their target price on Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $22.88.

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.