King Luther Capital Management Corp Has $10.76 Million Position in Kraft Heinz Company $KHC

King Luther Capital Management Corp lessened its position in Kraft Heinz Company (NASDAQ:KHC) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 443,722 shares of the company’s stock after selling 48,910 shares during the period. King Luther Capital Management Corp’s holdings in Kraft Heinz were worth $10,760,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Key Capital Management INC acquired a new position in Kraft Heinz during the 4th quarter worth about $29,000. New England Capital Financial Advisors LLC lifted its holdings in Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after buying an additional 511 shares during the period. Rakuten Securities Inc. lifted its holdings in Kraft Heinz by 172.4% during the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after buying an additional 788 shares during the period. Anfield Capital Management LLC lifted its holdings in 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. Finally, Sentry Investment Management LLC acquired a new position in Kraft Heinz during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Piper Sandler cut their target price on Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Mizuho cut their target price on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. BNP Paribas Exane cut their target price on Kraft Heinz from $18.00 to $17.00 in a report on Thursday, May 7th. Wells Fargo & Company cut their target price on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Finally, The Goldman Sachs Group set a $23.00 target price on Kraft Heinz in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Kraft Heinz currently has an average rating of “Reduce” and an average target price of $23.06.

Kraft Heinz Stock Up 2.2%

Shares of NASDAQ:KHC opened at $24.38 on Thursday. The company has a market capitalization of $28.91 billion, a price-to-earnings ratio of -5.02 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. The business’s 50-day moving average is $22.69 and its 200-day moving average is $23.68. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data 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 positive return on equity of 7.26% and a negative net margin of 23.05%.The firm’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts predict that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz’s payout ratio is currently -32.92%.

Insider Activity

In other news, insider Cory Onell sold 9,045 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $24.61, for a total value of $222,597.45. Following the transaction, the insider directly owned 202,454 shares of the company’s stock, valued at $4,982,392.94. The trade was a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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.