Insider Selling: Kraft Heinz (NASDAQ:KHC) Insider Sells $426,471.10 in Stock

Kraft Heinz Company (NASDAQ:KHC) insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Kraft Heinz Price Performance

KHC traded down $0.79 on Monday, reaching $22.03. The company had a trading volume of 16,615,806 shares, compared to its average volume of 15,589,137. The company has a market capitalization of $26.12 billion, a P/E ratio of -4.53 and a beta of 0.08. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $23.11 and a 200-day moving average of $23.50. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, topping 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%. Kraft Heinz’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities research analysts anticipate that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 7.3%. Kraft Heinz’s payout ratio is presently -32.92%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Schroder Investment Management Group lifted its stake in Kraft Heinz by 2.4% during the third quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock valued at $84,994,000 after buying an additional 77,045 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after acquiring an additional 616,283 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Kraft Heinz by 37.4% during the third quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock valued at $51,717,000 after acquiring an additional 540,532 shares during the period. Swiss Life Asset Management Ltd lifted its position in shares of Kraft Heinz by 148.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock valued at $52,595,000 after acquiring an additional 1,295,688 shares in the last quarter. Finally, Westhampton Capital LLC purchased a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $1,222,000. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. BNP Paribas Exane cut their price objective on Kraft Heinz from $18.00 to $17.00 in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft raised their target price on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a report on Sunday, May 31st. Finally, UBS Group boosted their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Kraft Heinz has a consensus rating of “Reduce” and a consensus target price of $22.69.

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.