Manning & Napier Advisors LLC Sells 32,050 Shares of Kraft Heinz Company $KHC

Manning & Napier Advisors LLC reduced its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,752 shares of the company’s stock after selling 32,050 shares during the period. Manning & Napier Advisors LLC’s holdings in Kraft Heinz were worth $3,341,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB raised its stake in Kraft Heinz by 75.1% during the 3rd quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock worth $351,263,000 after acquiring an additional 5,873,967 shares during the period. SG Americas Securities LLC lifted its holdings in Kraft Heinz by 2,264.5% during the fourth quarter. SG Americas Securities LLC now owns 1,458,451 shares of the company’s stock valued at $35,367,000 after purchasing an additional 1,396,770 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Kraft Heinz by 112.2% in the third quarter. Ameriprise Financial Inc. now owns 2,491,597 shares of the company’s stock worth $64,872,000 after purchasing an additional 1,317,201 shares during the period. Victory Capital Management Inc. increased its stake in shares of Kraft Heinz by 77.5% in the third quarter. Victory Capital Management Inc. now owns 2,826,152 shares of the company’s stock worth $73,593,000 after purchasing an additional 1,234,078 shares in the last quarter. Finally, Compass Rose Asset Management LP purchased a new stake in shares of Kraft Heinz in the third quarter worth $23,436,000. 78.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on KHC. Mizuho lowered their target price on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, March 25th. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. Zacks Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Barclays lifted their target price on Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $23.06.

Trending Headlines about Kraft Heinz

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Kraft Heinz reported better-than-expected Q1 sales and analysts have been raising attention around the improving turnaround story, suggesting early traction in its core brands. Article Title
• Positive Sentiment: The company is boosting marketing spending, launching new products like upgraded Kraft Mac & Cheese and Ore-Ida Tater Tots, and signing a five-year NFL sponsorship deal, all of which could help brand visibility and sales. Article Title
• Positive Sentiment: Kraft Heinz launched a $1.1 billion debt tender offer, a move that may improve balance-sheet flexibility and support the company’s broader restructuring efforts. Article Title
• Neutral Sentiment: Management is talking more openly about inflation pressure and lower-income consumers running out of room on spending, which explains why Kraft Heinz is leaning hard into value pricing. Article Title
• Negative Sentiment: BNP Paribas Exane lowered its price target on Kraft Heinz, which could temper enthusiasm despite the recent operational improvements. Article Title

Kraft Heinz Stock Up 1.2%

Shares of KHC stock opened at $23.93 on Friday. The company’s fifty day simple moving average is $22.78 and its two-hundred day simple moving average is $23.82. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $29.19. The stock has a market cap of $28.37 billion, a P/E ratio of -4.92 and a beta of 0.06. The company has a quick ratio of 0.79, a current ratio of 1.20 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts predict that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. Kraft Heinz’s payout ratio is presently -32.92%.

Insider Activity

In other news, insider Cory Onell sold 4,991 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the sale, the insider directly owned 197,463 shares of the company’s stock, valued at $4,806,249.42. This represents a 2.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is owned by company insiders.

Kraft Heinz 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.