Newport Trust Company LLC Sells 57,507 Shares of Kraft Heinz Company $KHC

Newport Trust Company LLC decreased its position in Kraft Heinz Company (NASDAQ:KHC) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 2,459,954 shares of the company’s stock after selling 57,507 shares during the quarter. Newport Trust Company LLC’s holdings in Kraft Heinz were worth $59,654,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Kraft Heinz by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after purchasing an additional 616,283 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Kraft Heinz by 1.5% in the 3rd 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 grew its holdings in shares of Kraft Heinz by 0.8% in the 4th 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. Dimensional Fund Advisors LP grew its holdings in shares of Kraft Heinz by 4.0% in the 3rd 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. Finally, Capital International Investors grew its holdings in shares of Kraft Heinz by 0.4% in the 3rd quarter. Capital International Investors now owns 7,583,727 shares of the company’s stock worth $197,480,000 after purchasing an additional 30,991 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. BTIG Research assumed coverage on shares of Kraft Heinz in a report on Monday, April 13th. They set a “neutral” rating on the stock. BNP Paribas Exane decreased their price objective on shares of Kraft Heinz from $18.00 to $17.00 in a report on Thursday, May 7th. Evercore decreased their price objective on shares of Kraft Heinz from $25.00 to $22.00 in a report on Thursday, February 12th. UBS Group increased their price objective on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Wells Fargo & Company decreased their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $23.06.

Key Kraft Heinz News

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

• Positive Sentiment: Kraft Heinz advanced its balance-sheet management by launching new euro notes and moving ahead with a cash tender offer for up to $1.1 billion of outstanding notes, which could help lower financing costs and extend debt maturity. Kraft Heinz Launches New Euro Notes, Refinances Debt
• Positive Sentiment: The company said it received strong early tender participation and satisfied the financing condition for the buyback, signaling solid demand and a smooth path to completing the transaction. Kraft Heinz Announces Early Tender Participation Results, Satisfaction of the Financing Condition, and Election of Early Settlement
• Positive Sentiment: Kraft Heinz also launched new and reformulated products, including Jell-O without artificial dyes and a lactose-free Kraft Natural Cheese line, which may help revive sales by appealing to health-conscious consumers and new dietary trends. Kraft Heinz launches Jell-O line without artificial dyes
• Neutral Sentiment: Market commentary noted the stock has recently been mixed, with some short-term gains but continued underperformance over longer periods, keeping sentiment cautious even as the shares have edged higher. Kraft Heinz Co. stock rises Wednesday, still underperforms market

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $23.54 on Friday. 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 1 year low of $21.03 and a 1 year high of $29.19. The company has a market cap of $27.91 billion, a PE ratio of -4.84 and a beta of 0.06. The company’s 50-day moving average is $22.59 and its two-hundred day moving average is $23.69.

Kraft Heinz (NASDAQ:KHC) last released 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 the consensus estimate of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities analysts anticipate that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.

Insider Buying and Selling at Kraft Heinz

In related news, insider Cory Onell sold 4,991 shares of the 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 sale, the insider directly owned 197,463 shares in the company, valued at $4,806,249.42. This trade represents a 2.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is owned by corporate insiders.

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.