DoubleLine ETF Adviser LP Acquires New Position in Kraft Heinz Company $KHC

DoubleLine ETF Adviser LP bought a new position in Kraft Heinz Company (NASDAQ:KHC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 46,424 shares of the company’s stock, valued at approximately $1,209,000.

Several other large investors have also recently made changes to their positions in KHC. Vanguard Group Inc. boosted its stake in shares of Kraft Heinz by 0.4% in 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 position 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. Geode Capital Management LLC grew its stake in shares of Kraft Heinz by 14.7% during the second quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock valued at $681,663,000 after buying an additional 3,392,470 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Kraft Heinz by 1.5% in the 3rd quarter. Invesco Ltd. now owns 17,855,352 shares of the company’s stock valued at $464,953,000 after acquiring an additional 270,678 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Kraft Heinz by 75.1% during the 3rd quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock valued at $351,263,000 after acquiring an additional 5,873,967 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 9,045 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $24.61, for a total value of $222,597.45. Following the completion of the sale, the insider directly owned 202,454 shares of the company’s stock, valued at approximately $4,982,392.94. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction dated 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 directly owned 686,817 shares in the company, valued at $17,046,797.94. The trade was a 15.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 139,036 shares of company stock valued at $3,446,578 over the last 90 days. Company insiders own 0.35% of the company’s stock.

Kraft Heinz Trading Up 1.1%

NASDAQ KHC opened at $22.58 on Friday. The stock has a market cap of $26.73 billion, a P/E ratio of -4.57 and a beta of 0.06. Kraft Heinz Company has a fifty-two week low of $21.99 and a fifty-two week high of $31.15. The stock has a 50 day simple moving average of $23.91 and a two-hundred day simple moving average of $24.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15.

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 the consensus estimate of $0.61 by $0.06. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The business’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be 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 is Friday, March 6th. Kraft Heinz’s payout ratio is presently -32.39%.

Wall Street Analyst Weigh In

KHC has been the subject of several recent research reports. Zacks Research downgraded Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Barclays raised their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Sanford C. Bernstein upped their price target 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. Piper Sandler dropped their price target on shares of Kraft Heinz from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Finally, The Goldman Sachs Group set a $23.00 price target on shares of Kraft Heinz in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $24.78.

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.