Kraft Heinz Company (NASDAQ:KHC) Plans $0.40 Quarterly Dividend

Kraft Heinz Company (NASDAQ:KHC) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Friday, March 6th will be given a dividend of 0.40 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Friday, March 6th.

Kraft Heinz has a payout ratio of 59.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kraft Heinz to earn $2.82 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 56.7%.

Kraft Heinz Stock Performance

Kraft Heinz stock traded up $0.09 during midday trading on Wednesday, hitting $24.99. 37,703,287 shares of the company’s stock were exchanged, compared to its average volume of 17,312,850. The stock has a market cap of $29.58 billion, a price-to-earnings ratio of -6.70 and a beta of 0.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.13. Kraft Heinz has a 12-month low of $21.99 and a 12-month high of $33.35. The firm’s 50 day simple moving average is $24.00 and its 200 day simple moving average is $25.37.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts predict that Kraft Heinz will post 2.68 EPS for the current year.

Insider Activity at Kraft Heinz

In related news, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the completion of the sale, the insider directly owned 686,817 shares of the company’s stock, valued at $17,046,797.94. The trade was a 15.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. STF Management LP boosted its stake in Kraft Heinz by 2.1% in the second quarter. STF Management LP now owns 18,475 shares of the company’s stock valued at $477,000 after buying an additional 374 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Kraft Heinz by 15.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,219 shares of the company’s stock worth $84,000 after purchasing an additional 431 shares during the period. V Square Quantitative Management LLC grew its position in shares of Kraft Heinz by 3.2% in the fourth quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock valued at $361,000 after purchasing an additional 458 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Kraft Heinz by 13.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock worth $101,000 after acquiring an additional 460 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted 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 worth $718,000 after buying an additional 490 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

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.