Compass Rose Asset Management LP Takes $23.44 Million Position in Kraft Heinz Company $KHC

Compass Rose Asset Management LP bought a new position in shares of Kraft Heinz Company (NASDAQ:KHC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 900,000 shares of the company’s stock, valued at approximately $23,436,000. Kraft Heinz accounts for about 3.9% of Compass Rose Asset Management LP’s portfolio, making the stock its 8th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of KHC. Rakuten Securities Inc. boosted its holdings in Kraft Heinz by 172.4% in the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares during the period. Anfield Capital Management LLC increased its holdings in shares of Kraft Heinz by 256.7% in the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after purchasing an additional 914 shares during the period. Cape Investment Advisory Inc. increased its holdings in shares of Kraft Heinz by 164.7% in the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after purchasing an additional 807 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of Kraft Heinz in the third quarter worth $38,000. Finally, Albion Financial Group UT bought a new stake in Kraft Heinz during the third quarter valued at $43,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on KHC. BNP Paribas Exane reduced their target price on Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating for the company in a research report on Thursday, February 12th. Jefferies Financial Group dropped their price target on Kraft Heinz from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Morgan Stanley reissued an “underweight” rating and set a $23.00 price objective on shares of Kraft Heinz in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Kraft Heinz from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, February 12th. Finally, Piper Sandler dropped their target price on shares of Kraft Heinz from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, Kraft Heinz currently has a consensus rating of “Reduce” and an average target price of $24.78.

Kraft Heinz Trading Up 1.1%

Shares of KHC stock opened at $22.58 on Friday. The business has a 50-day moving average price of $23.91 and a two-hundred day moving average price of $24.83. Kraft Heinz Company has a 12-month low of $21.99 and a 12-month high of $31.15. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The firm has a market cap of $26.73 billion, a P/E ratio of -4.57 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. The firm had revenue of $6.35 billion for 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 was down 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.39%.

Insider Activity at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45. Following the transaction, the insider owned 202,454 shares of the company’s stock, valued at approximately $4,982,392.94. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the insider owned 686,817 shares in the company, valued at approximately $17,046,797.94. The trade was a 15.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 139,036 shares of company stock worth $3,446,578 over the last three months. Insiders own 0.35% 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.