Mirabella Financial Services LLP Purchases 55,718 Shares of Kraft Heinz Company $KHC

Mirabella Financial Services LLP boosted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 161.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 90,255 shares of the company’s stock after purchasing an additional 55,718 shares during the period. Mirabella Financial Services LLP’s holdings in Kraft Heinz were worth $2,346,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Kraft Heinz by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 102,435,702 shares of the company’s stock valued at $2,644,890,000 after purchasing an additional 454,868 shares in the last quarter. State Street Corp boosted its stake in Kraft Heinz by 1.0% during the second quarter. State Street Corp now owns 46,376,394 shares of the company’s stock valued at $1,197,438,000 after buying an additional 462,963 shares during the period. Invesco Ltd. grew its position in Kraft Heinz by 1.5% during the third quarter. Invesco Ltd. now owns 17,855,352 shares of the company’s stock worth $464,953,000 after buying an additional 270,678 shares in the last quarter. Nordea Investment Management AB increased its stake in Kraft Heinz by 75.1% in 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 last quarter. Finally, Norges Bank purchased a new stake in shares of Kraft Heinz in the 2nd quarter valued at about $276,159,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $22.71 on Tuesday. The stock’s 50-day moving average is $23.89 and its 200 day moving average is $24.77. The stock has a market cap of $26.88 billion, a price-to-earnings ratio of -4.60 and a beta of 0.06. Kraft Heinz Company has a 1-year low of $21.99 and a 1-year high of $31.15. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, sell-side analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors 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 annualized dividend and a dividend yield of 7.0%. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.39%.

Insider Buying and Selling at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of Kraft Heinz stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $24.61, for a total value of $222,597.45. Following the transaction, the insider owned 202,454 shares in the company, valued at $4,982,392.94. This trade represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the insider directly owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This represents a 15.40% decrease in their ownership of the stock. 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 worth $3,446,578. 0.35% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KHC. UBS Group lifted their price target on Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Zacks Research downgraded shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. lowered shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $24.00 to $22.00 in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kraft Heinz from $26.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, February 12th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Kraft Heinz in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $24.78.

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.