Pensionfund Sabic Acquires New Position in Kraft Heinz Company $KHC

Pensionfund Sabic bought a new position in shares of Kraft Heinz Company (NASDAQ:KHCFree Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 40,000 shares of the company’s stock, valued at approximately $970,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Kraft Heinz in the first quarter valued at $207,000. Woodline Partners LP grew its stake in Kraft Heinz by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after purchasing an additional 20,690 shares in the last quarter. Magnetar Financial LLC acquired a new position in Kraft Heinz during the 2nd quarter worth $342,000. Franklin Resources Inc. increased its holdings in Kraft Heinz by 175.4% during the 2nd quarter. Franklin Resources Inc. now owns 722,091 shares of the company’s stock worth $18,644,000 after purchasing an additional 459,924 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Kraft Heinz by 5.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,142,036 shares of the company’s stock worth $158,587,000 after purchasing an additional 304,625 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KHC. Mizuho decreased their price objective on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. UBS Group raised their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Barclays boosted their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Piper Sandler dropped their price objective on shares of Kraft Heinz from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Zacks Research lowered shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, Kraft Heinz has a consensus rating of “Reduce” and a consensus target price of $24.61.

View Our Latest Research Report on KHC

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $21.51 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $31.15. The firm has a market capitalization of $25.46 billion, a PE ratio of -4.35 and a beta of 0.06. The stock’s 50-day simple moving average is $23.64 and its 200-day simple moving average is $24.52.

Kraft Heinz (NASDAQ:KHCGet Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared 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 7.4%. The ex-dividend date is Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.39%.

Insiders Place Their Bets

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the company’s stock in a transaction 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 completion of the transaction, the insider owned 197,463 shares in the company, valued at $4,806,249.42. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Key Stories Impacting Kraft Heinz

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

About Kraft Heinz

(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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