King Luther Capital Management Corp Trims Stake in Kraft Heinz Company $KHC

King Luther Capital Management Corp decreased its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 27.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 492,632 shares of the company’s stock after selling 182,463 shares during the period. King Luther Capital Management Corp’s holdings in Kraft Heinz were worth $12,828,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in KHC. Rakuten Securities Inc. increased its position in Kraft Heinz by 172.4% during the 2nd 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. lifted its stake in shares of Kraft Heinz by 164.7% during the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after buying an additional 807 shares during the period. Sentry Investment Management LLC acquired a new stake in Kraft Heinz during the third quarter worth approximately $38,000. Albion Financial Group UT acquired a new position in Kraft Heinz in the 3rd quarter valued at $43,000. Finally, MV Capital Management Inc. lifted its stake in shares of Kraft Heinz by 300.7% during the 2nd quarter. MV Capital Management Inc. now owns 1,735 shares of the company’s stock worth $45,000 after purchasing an additional 1,302 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on KHC. HSBC lowered their price objective on Kraft Heinz from $29.00 to $27.00 in a research report on Thursday, October 30th. BNP Paribas Exane lowered their price target on Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating for the company in a report on Thursday, February 12th. JPMorgan Chase & Co. lowered shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $24.00 to $22.00 in a research report on Thursday, February 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research note on Thursday, January 22nd. Finally, Piper Sandler cut their target price on Kraft Heinz from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $25.00.

Insiders Place Their Bets

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

Kraft Heinz Trading Up 0.2%

Shares of KHC opened at $23.99 on Friday. Kraft Heinz Company has a 12 month low of $21.99 and a 12 month high of $33.35. The stock’s 50-day moving average is $23.99 and its two-hundred day moving average is $25.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.79. The stock has a market cap of $28.40 billion, a PE ratio of -4.86 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

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

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.