Kraft Heinz Company $KHC Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lowered its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 293,600 shares of the company’s stock after selling 126,200 shares during the period. Gabelli Funds LLC’s holdings in Kraft Heinz were worth $7,120,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KHC. Key Capital Management INC acquired a new stake in shares of Kraft Heinz during the fourth quarter valued at $29,000. New England Capital Financial Advisors LLC boosted its stake in shares of Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after acquiring an additional 511 shares during the last quarter. Rakuten Securities Inc. boosted its stake in shares of Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after acquiring an additional 788 shares during the last quarter. Anfield Capital Management LLC boosted its stake in shares of Kraft Heinz by 256.7% during the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after acquiring an additional 914 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in shares of Kraft Heinz during the third quarter valued at $38,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on KHC shares. Evercore decreased their price objective on Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft increased their target price on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Morgan Stanley set a $22.00 target price on Kraft Heinz in a research report on Thursday, April 23rd. Barclays increased their target price on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. One equities research 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 company has a consensus rating of “Reduce” and a consensus target price of $23.06.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $23.53 on Thursday. The company has a market cap of $27.90 billion, a P/E ratio of -4.84 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19. The business’s 50-day simple moving average is $22.59 and its 200 day simple moving average is $23.70.

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

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 6.8%. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.92%.

Insider Activity at Kraft Heinz

In other news, insider Cory Onell sold 9,045 shares of Kraft Heinz stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $24.61, for a total value of $222,597.45. Following the completion of the transaction, the insider owned 202,454 shares in the company, valued at approximately $4,982,392.94. This trade represents a 4.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% 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.