Kraft Heinz Company $KHC Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 87.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 730,761 shares of the company’s stock after buying an additional 341,750 shares during the quarter. Vontobel Holding Ltd.’s holdings in Kraft Heinz were worth $16,603,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Pension & Wealth Management Advisors Inc. boosted its holdings in shares of Kraft Heinz by 26.0% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 4,229 shares of the company’s stock worth $96,000 after buying an additional 872 shares during the period. Howard Capital Management LLC raised its holdings in Kraft Heinz by 184.0% in the 3rd quarter. Howard Capital Management LLC now owns 283,914 shares of the company’s stock valued at $6,451,000 after acquiring an additional 183,959 shares during the period. Ellsworth Advisors LLC bought a new position in Kraft Heinz in the 3rd quarter valued at about $1,712,000. V Square Quantitative Management LLC raised its holdings in Kraft Heinz by 18.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 20,198 shares of the company’s stock valued at $459,000 after acquiring an additional 3,165 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Kraft Heinz by 135.0% during the third quarter. Assenagon Asset Management S.A. now owns 167,761 shares of the company’s stock worth $3,812,000 after acquiring an additional 96,372 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Up 1.9%

Shares of NASDAQ:KHC opened at $23.72 on Friday. The business’s 50 day simple moving average is $24.23 and its 200 day simple moving average is $23.99. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $28.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The company has a market capitalization of $28.12 billion, a P/E ratio of -8.29, a P/E/G ratio of 2.99 and a beta of 0.12.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, research analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were given a $0.40 dividend. The ex-dividend date was Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.7%. Kraft Heinz’s dividend payout ratio (DPR) is presently -55.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KHC shares. Weiss Ratings cut Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Piper Sandler increased their target price on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Wells Fargo & Company lowered 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 Monday, October 5th. Jefferies Financial Group reissued a “hold” rating and set a $21.00 price target on shares of Kraft Heinz in a report on Wednesday. Finally, TD Cowen reissued a “hold” rating and set a $22.00 price target on shares of Kraft Heinz in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $23.75.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets packaged foods and beverages for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and other grocery items.

The company’s brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, Jell-O, Ore-Ida, Classico, Grey Poupon and Planters.