South Dakota Investment Council Purchases 215,910 Shares of Kraft Heinz Company $KHC

South Dakota Investment Council raised its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 488.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 260,083 shares of the company’s stock after purchasing an additional 215,910 shares during the period. South Dakota Investment Council’s holdings in Kraft Heinz were worth $6,773,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. raised its holdings 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 acquiring an additional 788 shares in the last quarter. Anfield Capital Management LLC raised its holdings in shares of Kraft Heinz by 256.7% in the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after purchasing an additional 914 shares in the last quarter. Cape Investment Advisory Inc. lifted its position in shares of Kraft Heinz by 164.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after purchasing an additional 807 shares during the period. Sentry Investment Management LLC bought a new position in shares of Kraft Heinz during the third quarter valued at approximately $38,000. Finally, Albion Financial Group UT purchased a new position in Kraft Heinz during the third quarter valued at approximately $43,000. Institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Piper Sandler dropped their target price on Kraft Heinz from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Barclays upped their price objective on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Zacks Research lowered Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. Mizuho reduced their target price on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Finally, UBS Group lifted their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. One research 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.com, Kraft Heinz presently has a consensus rating of “Reduce” and a consensus price target of $24.89.

Kraft Heinz Stock Performance

KHC opened at $24.22 on Wednesday. The company has a market cap of $28.67 billion, a P/E ratio of -4.90 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 firm’s 50-day moving average price is $24.00 and its 200-day moving average price is $25.03. Kraft Heinz Company has a 52-week low of $21.99 and a 52-week high of $33.35.

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

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 6.6%. Kraft Heinz’s dividend payout ratio (DPR) is -32.39%.

Insider Transactions at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was 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 $17,046,797.94. This trade represents a 15.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cory Onell sold 4,991 shares of Kraft Heinz 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 of the company’s stock, valued at $4,806,249.42. This trade represents a 2.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 139,036 shares of company stock valued at $3,446,578. 0.35% of the stock is currently owned by insiders.

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.