Kraft Heinz Company $KHC Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. decreased its stake in Kraft Heinz Company (NASDAQ:KHC) by 35.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,108 shares of the company’s stock after selling 39,349 shares during the period. Levin Capital Strategies L.P.’s holdings in Kraft Heinz were worth $1,852,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rakuten Securities Inc. increased its position in shares of Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares in the last quarter. Cape Investment Advisory Inc. grew its stake in Kraft Heinz by 164.7% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after buying an additional 807 shares during the last quarter. Sentry Investment Management LLC acquired a new position in Kraft Heinz during the third quarter worth approximately $38,000. Albion Financial Group UT purchased a new stake in Kraft Heinz in the third quarter valued at approximately $43,000. Finally, MV Capital Management Inc. boosted its holdings in shares of Kraft Heinz by 300.7% in the second quarter. MV Capital Management Inc. now owns 1,735 shares of the company’s stock valued at $45,000 after acquiring an additional 1,302 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 0.7%

Shares of Kraft Heinz stock opened at $23.95 on Thursday. The firm has a market cap of $28.35 billion, a price-to-earnings ratio of -4.85 and a beta of 0.08. The company’s 50-day simple moving average is $23.99 and its 200-day simple moving average is $25.24. Kraft Heinz Company has a 52-week low of $21.99 and a 52-week high of $33.35. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. 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 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 6.7%. Kraft Heinz’s payout ratio is -32.39%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KHC. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a report on Thursday, January 22nd. UBS Group lifted their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. downgraded shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $24.00 to $22.00 in a research note on Thursday, February 12th. Jefferies Financial Group lowered their price target on Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Finally, HSBC reduced their price objective on Kraft Heinz from $29.00 to $27.00 in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $25.00.

Insider Buying and Selling

In other news, insider Miguel Patricio sold 125,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the transaction, the insider owned 686,817 shares in the company, valued at $17,046,797.94. This trade represents a 15.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

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.