Kraft Heinz Company $KHC Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lessened its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 35.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,108 shares of the company’s stock after selling 39,349 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Kraft Heinz were worth $1,852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Kraft Heinz during the first quarter worth about $207,000. Woodline Partners LP boosted its holdings in shares of Kraft Heinz by 39.0% during the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after purchasing an additional 20,690 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Kraft Heinz by 4.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,599 shares of the company’s stock valued at $454,000 after purchasing an additional 724 shares during the period. Stratos Wealth Partners LTD. increased its stake in Kraft Heinz by 219.6% in the second quarter. Stratos Wealth Partners LTD. now owns 42,094 shares of the company’s stock valued at $1,087,000 after purchasing an additional 28,924 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in Kraft Heinz by 5.3% during the second quarter. Stephens Inc. AR now owns 53,872 shares of the company’s stock worth $1,391,000 after buying an additional 2,733 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 0.7%

Shares of NASDAQ KHC opened at $23.95 on Thursday. The stock has a fifty day moving average price of $23.99 and a 200 day moving average price of $25.24. 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 Company has a 12-month low of $21.99 and a 12-month high of $33.35. The company has a market cap of $28.35 billion, a P/E ratio of -4.85 and a beta of 0.08.

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

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders 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 annualized dividend and a dividend yield of 6.7%. Kraft Heinz’s dividend payout ratio is -32.39%.

Insiders Place Their Bets

In related news, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the sale, the insider owned 686,817 shares of the company’s stock, valued at $17,046,797.94. The trade was a 15.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on KHC shares. Zacks Research cut Kraft Heinz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Sanford C. Bernstein boosted their target price on shares of Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a report on Thursday, February 12th. Jefferies Financial Group dropped their price target on shares of Kraft Heinz from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. UBS Group lifted their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Finally, Evercore lowered their price objective on shares of Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $25.00.

Kraft Heinz Company 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.