Vanguard Group Inc. Sells 118,766 Shares of Kraft Heinz Company $KHC

Vanguard Group Inc. cut its stake in Kraft Heinz Company (NASDAQ:KHC) by 0.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,316,936 shares of the company’s stock after selling 118,766 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Kraft Heinz worth $2,664,333,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. boosted its position 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 worth $32,000 after buying an additional 788 shares during the period. Cape Investment Advisory Inc. boosted its position in Kraft Heinz by 164.7% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after acquiring an additional 807 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of Kraft Heinz during the 3rd quarter worth approximately $38,000. Albion Financial Group UT acquired a new stake in shares of Kraft Heinz in the third quarter valued at approximately $43,000. Finally, MV Capital Management Inc. lifted its position in shares of Kraft Heinz by 300.7% in the second quarter. MV Capital Management Inc. now owns 1,735 shares of the company’s stock worth $45,000 after purchasing an additional 1,302 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KHC shares. Zacks Research downgraded shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Mizuho decreased their price objective on Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. UBS Group upped their target price on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. The Goldman Sachs Group set a $23.00 price target on Kraft Heinz in a research report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Kraft Heinz from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $25.00.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $23.95 on Thursday. Kraft Heinz Company has a 12-month low of $21.99 and a 12-month high of $33.35. The firm has a market capitalization of $28.35 billion, a price-to-earnings ratio of -4.85 and a beta of 0.08. The stock’s 50 day moving average price is $23.99 and its two-hundred day moving average price is $25.24. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46.

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

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s dividend payout ratio is currently -32.39%.

Insider Transactions at Kraft Heinz

In related news, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction that occurred 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 approximately $17,046,797.94. This trade represents a 15.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.35% of the stock is owned by company insiders.

Kraft Heinz Profile

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.