Kraft Heinz (NASDAQ:KHC) Insider Diana Frost Sells 18,502 Shares

Kraft Heinz Company (NASDAQ:KHC) insider Diana Frost sold 18,502 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the sale, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. The trade was a 15.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kraft Heinz Stock Down 3.5%

Shares of Kraft Heinz stock traded down $0.79 during midday trading on Monday, hitting $22.03. The company’s stock had a trading volume of 16,615,806 shares, compared to its average volume of 15,589,137. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.19. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $26.12 billion, a P/E ratio of -4.53 and a beta of 0.08. The stock has a 50-day simple moving average of $23.11 and a 200-day simple moving average of $23.50.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. The firm had revenue of $6.05 billion for 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%.Kraft Heinz’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, sell-side analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.3%. Kraft Heinz’s dividend payout ratio is currently -32.92%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KHC shares. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. TD Cowen decreased their target price on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, March 25th. Wells Fargo & Company dropped their price target on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Finally, Morgan Stanley set a $22.00 price objective on Kraft Heinz in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $22.69.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC bought a new position in shares of Kraft Heinz in the 1st quarter valued at approximately $27,000. Jessup Wealth Management Inc bought a new stake in Kraft Heinz during the fourth quarter worth approximately $27,000. Reflection Asset Management acquired a new position in Kraft Heinz during the fourth quarter valued at approximately $28,000. Key Capital Management INC bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $29,000. Finally, DV Equities LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $29,000. Institutional investors and hedge funds own 78.17% 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.