III Capital Management Has $1.28 Million Stock Holdings in Kraft Heinz Company $KHC

III Capital Management lessened its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 36.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,779 shares of the company’s stock after selling 30,000 shares during the quarter. III Capital Management’s holdings in Kraft Heinz were worth $1,280,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Graney & King LLC lifted its stake in shares of Kraft Heinz by 20.5% during the fourth quarter. Graney & King LLC now owns 2,560 shares of the company’s stock valued at $62,000 after acquiring an additional 435 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of Kraft Heinz by 3.2% during the fourth quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock valued at $361,000 after acquiring an additional 458 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in Kraft Heinz by 1.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock valued at $718,000 after buying an additional 490 shares during the period. New England Capital Financial Advisors LLC lifted its stake in Kraft Heinz by 70.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after buying an additional 511 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its stake in Kraft Heinz by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock valued at $201,000 after buying an additional 515 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

KHC has been the topic of several analyst reports. Jefferies Financial Group cut their target price on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. TD Cowen cut their target price on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. Sanford C. Bernstein lowered Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their target price for the company from $25.00 to $21.00 in a research note on Wednesday, June 3rd. Finally, 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 research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of “Reduce” and an average target price of $22.69.

Kraft Heinz Stock Down 2.5%

Shares of Kraft Heinz stock opened at $23.20 on Thursday. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19. The business has a 50-day moving average of $23.12 and a two-hundred day moving average of $23.54. The company has a market capitalization of $27.51 billion, a P/E ratio of -4.77 and a beta of 0.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. During the same period in the prior year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities analysts predict that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio is -32.92%.

Kraft Heinz 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.