Wilmington Savings Fund Society FSB Sells 37,184 Shares of Kraft Heinz Company $KHC

Wilmington Savings Fund Society FSB decreased its stake in shares of Kraft Heinz Company (NASDAQ:KHCFree Report) by 34.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 71,891 shares of the company’s stock after selling 37,184 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Kraft Heinz were worth $1,872,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KHC. Rakuten Securities Inc. boosted its position in Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares during the period. Cape Investment Advisory Inc. lifted its stake in shares of Kraft Heinz by 164.7% in the second 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 last quarter. Anfield Capital Management LLC lifted its stake in shares of Kraft Heinz by 256.7% in the third 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 last quarter. Sentry Investment Management LLC bought a new stake in shares of Kraft Heinz during the 3rd quarter worth $38,000. Finally, Albion Financial Group UT acquired a new position in Kraft Heinz in the 3rd quarter valued at $43,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Kraft Heinz

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

Analyst Upgrades and Downgrades

KHC has been the topic of several recent analyst reports. Sanford C. Bernstein lifted their target price on shares of Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday, February 12th. BNP Paribas Exane lowered their price target on Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating on the stock in a research report on Thursday, February 12th. Piper Sandler dropped their price objective on Kraft Heinz from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Zacks Research cut Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Finally, Jefferies Financial Group lowered their target price on Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $24.78.

Check Out Our Latest Research Report on Kraft Heinz

Kraft Heinz Price Performance

KHC stock opened at $21.76 on Friday. The firm has a 50 day simple moving average of $23.82 and a two-hundred day simple moving average of $24.69. The stock has a market cap of $25.76 billion, a PE ratio of -4.40 and a beta of 0.06. Kraft Heinz Company has a one year low of $21.72 and a one year high of $31.15. 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:KHCGet Free Report) 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 during the quarter, compared to analyst estimates of $6.38 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 7.4%. Kraft Heinz’s dividend payout ratio is presently -32.39%.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the business’s stock in a transaction dated 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 owned 197,463 shares in the company, valued at approximately $4,806,249.42. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is currently owned by company insiders.

Kraft Heinz Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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