Kraft Heinz Company $KHC Stock Holdings Boosted by OLD National Bancorp IN

OLD National Bancorp IN grew its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 19.1% during the 1st quarter, Holdings Channel reports. The firm owned 441,912 shares of the company’s stock after purchasing an additional 70,843 shares during the period. OLD National Bancorp IN’s holdings in Kraft Heinz were worth $9,939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of KHC. Louisiana State Employees Retirement System acquired a new stake in shares of Kraft Heinz in the first quarter valued at $2,726,000. Fifth Third Wealth Advisors LLC acquired a new position in Kraft Heinz during the first quarter worth about $246,000. Brown Lisle Cummings Inc. grew its holdings in Kraft Heinz by 7.0% during the first quarter. Brown Lisle Cummings Inc. now owns 20,408 shares of the company’s stock worth $459,000 after acquiring an additional 1,340 shares during the period. OP Asset Management Ltd bought a new stake in Kraft Heinz in the first quarter worth about $2,174,000. Finally, Community Bank of Raymore lifted its holdings in Kraft Heinz by 4.7% in the 1st quarter. Community Bank of Raymore now owns 58,820 shares of the company’s stock valued at $1,323,000 after acquiring an additional 2,647 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the sale, the insider owned 102,667 shares in the company, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by company insiders.

Kraft Heinz Trading Up 2.3%

Shares of NASDAQ KHC opened at $23.47 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The company has a market cap of $27.83 billion, a price-to-earnings ratio of -4.83 and a beta of 0.08. The business has a fifty day simple moving average of $23.11 and a 200-day simple moving average of $23.45.

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

Kraft Heinz Dividend Announcement

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

Analyst Ratings Changes

KHC has been the subject of several research reports. TD Cowen reduced their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. Jefferies Financial Group dropped their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Wall Street Zen lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. Morgan Stanley set a $22.00 target price on shares of Kraft Heinz in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Kraft Heinz currently has an average rating of “Reduce” and a consensus price target of $22.75.

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.