Mirabella Financial Services LLP Increases Stock Holdings in Kraft Heinz Company $KHC

Mirabella Financial Services LLP increased its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 161.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,255 shares of the company’s stock after buying an additional 55,718 shares during the quarter. Mirabella Financial Services LLP’s holdings in Kraft Heinz were worth $2,346,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Larson Financial Group LLC raised its holdings in shares of Kraft Heinz by 170.1% in the third quarter. Larson Financial Group LLC now owns 5,412 shares of the company’s stock valued at $141,000 after purchasing an additional 3,408 shares during the last quarter. Lido Advisors LLC boosted its holdings in Kraft Heinz by 41.0% during the third quarter. Lido Advisors LLC now owns 33,412 shares of the company’s stock worth $870,000 after purchasing an additional 9,713 shares during the last quarter. Invenomic Capital Management LP bought a new stake in Kraft Heinz in the 3rd quarter worth about $12,978,000. Hillman Capital Management Inc. increased its stake in Kraft Heinz by 0.7% in the 3rd quarter. Hillman Capital Management Inc. now owns 211,151 shares of the company’s stock valued at $5,498,000 after buying an additional 1,420 shares during the last quarter. Finally, Gotham Asset Management LLC lifted its position in shares of Kraft Heinz by 30.9% during the 3rd quarter. Gotham Asset Management LLC now owns 626,844 shares of the company’s stock worth $16,323,000 after buying an additional 148,043 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kraft Heinz

In related news, insider Miguel Patricio sold 125,000 shares of the business’s 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 sale, the insider directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cory Onell sold 4,991 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total value of $121,480.94. Following the sale, the insider directly owned 197,463 shares in the company, valued at $4,806,249.42. This trade represents a 2.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 139,036 shares of company stock worth $3,446,578. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on KHC shares. Deutsche Bank Aktiengesellschaft cut their target price on Kraft Heinz from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th. Barclays lifted their price target on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. The Goldman Sachs Group set a $23.00 price objective on Kraft Heinz in a research report on Thursday, February 12th. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Thursday, January 22nd. Finally, Mizuho lowered their target price on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. 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.com, the company currently has an average rating of “Reduce” and an average price target of $24.78.

Kraft Heinz Stock Up 0.6%

KHC stock opened at $22.71 on Tuesday. The stock has a fifty day moving average of $23.89 and a 200-day moving average of $24.77. Kraft Heinz Company has a fifty-two week low of $21.99 and a fifty-two week high of $31.15. The company has a market capitalization of $26.88 billion, a price-to-earnings ratio of -4.60 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15.

Kraft Heinz (NASDAQ:KHC) last released 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 business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior 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 research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 7.0%. Kraft Heinz’s payout ratio is presently -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.