Sequoia Financial Advisors LLC Acquires 27,013 Shares of Kraft Heinz Company $KHC

Sequoia Financial Advisors LLC boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 78.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,470 shares of the company’s stock after buying an additional 27,013 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kraft Heinz were worth $1,382,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Graney & King LLC increased its holdings in shares of Kraft Heinz by 20.5% in the 4th 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 4th quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock worth $361,000 after purchasing an additional 458 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Kraft Heinz by 1.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock valued at $718,000 after purchasing an additional 490 shares in the last quarter. New England Capital Financial Advisors LLC boosted its position in Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after purchasing an additional 511 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators grew 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 purchasing an additional 515 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 3.1%

Kraft Heinz stock opened at $26.23 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The stock has a market cap of $31.10 billion, a PE ratio of -5.40 and a beta of 0.09. The stock has a 50-day moving average of $23.87 and a two-hundred day moving average of $23.51. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19.

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 business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, research analysts anticipate that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.1%. Kraft Heinz’s dividend payout ratio is presently -32.92%.

Insider Activity

In other news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction 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 completion of the sale, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BTIG Research initiated coverage on shares of Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating for the company. Morgan Stanley set a $22.00 price target on shares of Kraft Heinz in a report on Thursday, April 23rd. Wells Fargo & Company lifted their price objective on shares of Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. 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 note on Wednesday, March 25th. Finally, Jefferies Financial Group decreased their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, March 30th. One 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’s stock. According to data from MarketBeat, Kraft Heinz has a consensus rating of “Reduce” and an average price target of $23.12.

About Kraft Heinz

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.