97,172 Kraft Heinz Company $KHC Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lessened its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 14.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 570,824 shares of the company’s stock after selling 97,172 shares during the period. First Citizens Bank & Trust Co.’s holdings in Kraft Heinz were worth $12,969,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KHC. Wetzel Investment Advisors Inc. raised its stake in shares of Kraft Heinz by 5.9% during the 3rd quarter. Wetzel Investment Advisors Inc. now owns 14,346 shares of the company’s stock worth $326,000 after purchasing an additional 800 shares in the last quarter. Signal Advisors Wealth LLC acquired a new stake in shares of Kraft Heinz in the 3rd quarter valued at approximately $334,000. Krilogy Financial LLC grew its stake in shares of Kraft Heinz by 14.8% in the third quarter. Krilogy Financial LLC now owns 19,941 shares of the company’s stock valued at $448,000 after buying an additional 2,574 shares in the last quarter. Fluent Financial LLC grew its stake in shares of Kraft Heinz by 10.9% in the third quarter. Fluent Financial LLC now owns 64,854 shares of the company’s stock valued at $1,473,000 after buying an additional 6,371 shares in the last quarter. Finally, Steel Grove Capital Advisors LLC increased its holdings in Kraft Heinz by 16.9% during the third quarter. Steel Grove Capital Advisors LLC now owns 78,917 shares of the company’s stock worth $1,793,000 after buying an additional 11,403 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BNP Paribas Exane upped their price target on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Evercore set a $24.00 price objective on shares of Kraft Heinz in a research report on Thursday, August 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $32.00 price objective on shares of Kraft Heinz in a research report on Thursday, September 24th. UBS Group boosted their price objective on shares of Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings cut shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $23.75.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $22.44 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $28.09. The stock has a 50 day moving average of $24.35 and a 200-day moving average of $23.98. The company has a market capitalization of $26.61 billion, a P/E ratio of -7.85, a P/E/G ratio of 2.99 and a beta of 0.12.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, equities research analysts predict that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Friday, September 4th. Kraft Heinz’s payout ratio is -55.94%.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets packaged foods and beverages for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and other grocery items.

The company’s brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, Jell-O, Ore-Ida, Classico, Grey Poupon and Planters.