DoubleLine ETF Adviser LP Takes $1.21 Million Position in Kraft Heinz Company $KHC

DoubleLine ETF Adviser LP purchased a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 46,424 shares of the company’s stock, valued at approximately $1,209,000.

A number of other hedge funds have also bought and sold shares of KHC. Compass Rose Asset Management LP purchased a new stake in shares of Kraft Heinz during the third quarter worth $23,436,000. Ausdal Financial Partners Inc. bought a new position in shares of Kraft Heinz in the third quarter worth $220,000. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Kraft Heinz by 15.5% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 362,948 shares of the company’s stock valued at $9,450,000 after purchasing an additional 48,839 shares in the last quarter. Chiron Capital Management LLC raised its stake in shares of Kraft Heinz by 3.4% during the 3rd quarter. Chiron Capital Management LLC now owns 45,013 shares of the company’s stock valued at $1,172,000 after purchasing an additional 1,500 shares during the period. Finally, Bank of Nova Scotia raised its stake in shares of Kraft Heinz by 0.7% during the 3rd quarter. Bank of Nova Scotia now owns 106,781 shares of the company’s stock valued at $2,781,000 after purchasing an additional 766 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Cory Onell sold 9,045 shares of Kraft Heinz 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 completion of the sale, the insider directly owned 202,454 shares of the company’s stock, valued at approximately $4,982,392.94. The trade was a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Miguel Patricio sold 125,000 shares of the stock in a transaction on Wednesday, December 17th. The shares were 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 directly owned 686,817 shares in the company, valued at approximately $17,046,797.94. This represents a 15.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 139,036 shares of company stock worth $3,446,578 in the last three months. Insiders own 0.35% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $22.58 on Friday. The stock has a market cap of $26.73 billion, a P/E ratio of -4.57 and a beta of 0.06. 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 business’s 50-day moving average price is $23.91 and its two-hundred day moving average price is $24.83. Kraft Heinz Company has a twelve month low of $21.99 and a twelve month high of $31.15.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The company 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%.Kraft Heinz’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on KHC. Deutsche Bank Aktiengesellschaft cut their target price on Kraft Heinz from $26.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. UBS Group increased their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday. Morgan Stanley reaffirmed an “underweight” rating and set a $23.00 target price on shares of Kraft Heinz in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. cut shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $24.00 to $22.00 in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, Kraft Heinz currently has an average rating of “Reduce” and a consensus target price of $24.78.

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.