Sicart Associates LLC Sells 84,310 Shares of Kraft Heinz Company $KHC

Sicart Associates LLC decreased its position in Kraft Heinz Company (NASDAQ:KHC) by 36.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,855 shares of the company’s stock after selling 84,310 shares during the period. Sicart Associates LLC’s holdings in Kraft Heinz were worth $3,537,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. raised its stake in shares of Kraft Heinz by 172.4% in the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after buying an additional 788 shares during the period. Cape Investment Advisory Inc. grew its stake in shares of 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 acquiring an additional 807 shares during the period. Anfield Capital Management LLC grew its stake in shares of Kraft Heinz by 256.7% during the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after acquiring an additional 914 shares during the period. Sentry Investment Management LLC purchased a new stake in Kraft Heinz in the 3rd quarter worth about $38,000. Finally, Albion Financial Group UT purchased a new stake in Kraft Heinz in the 3rd quarter worth about $43,000. 78.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. BNP Paribas Exane reduced their target price on shares of Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating for the company in a research note on Thursday, February 12th. JPMorgan Chase & Co. dropped their price target on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a report on Thursday, January 22nd. Finally, TD Cowen reiterated a “hold” rating on shares of Kraft Heinz in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $24.61.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total value of $121,480.94. Following the completion of the transaction, the insider directly owned 197,463 shares of the company’s stock, valued at $4,806,249.42. This trade represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by corporate insiders.

Kraft Heinz Stock Up 2.2%

Shares of NASDAQ KHC opened at $22.04 on Friday. 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 company has a market cap of $26.09 billion, a P/E ratio of -4.46 and a beta of 0.06. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $31.15. The business has a 50-day simple moving average of $23.56 and a two-hundred day simple moving average of $24.45.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Research analysts anticipate 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 was paid on Friday, March 27th. Investors of record on Friday, March 6th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Friday, March 6th. 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.