WBI Investments LLC Boosts Stake in Kraft Heinz Company $KHC

WBI Investments LLC lifted its holdings in Kraft Heinz Company (NASDAQ:KHC) by 156.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,868 shares of the company’s stock after purchasing an additional 57,306 shares during the period. WBI Investments LLC’s holdings in Kraft Heinz were worth $2,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of KHC. Rakuten Securities Inc. grew its holdings in Kraft Heinz by 172.4% in the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares during the period. Cape Investment Advisory Inc. raised its stake in shares of Kraft Heinz by 164.7% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after buying an additional 807 shares during the period. Anfield Capital Management LLC raised its stake in shares of Kraft Heinz by 256.7% during the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after buying an additional 914 shares during the period. Sentry Investment Management LLC purchased a new position in shares of Kraft Heinz during the 3rd quarter valued at approximately $38,000. Finally, Albion Financial Group UT purchased a new position in shares of Kraft Heinz during the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Buying and Selling

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total value of $121,480.94. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

Kraft Heinz Stock Up 0.8%

NASDAQ KHC opened at $22.89 on Wednesday. The business has a fifty day moving average price of $23.87 and a 200 day moving average price of $24.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15. The company has a market cap of $27.10 billion, a P/E ratio of -4.63 and a beta of 0.06. Kraft Heinz Company has a one year low of $21.99 and a one year high of $31.15.

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

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s dividend payout ratio is currently -32.39%.

Analysts Set New Price Targets

Several equities research analysts recently commented on KHC shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Kraft Heinz from $26.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, February 12th. JPMorgan Chase & Co. downgraded shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $24.00 to $22.00 in a report on Thursday, February 12th. Evercore dropped their target price on shares of Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. The Goldman Sachs Group set a $23.00 price target on shares of Kraft Heinz in a research report on Thursday, February 12th. Finally, Zacks Research lowered shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $24.78.

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.