Sicart Associates LLC Trims Stake in Kraft Heinz Company $KHC

Sicart Associates LLC reduced its holdings in Kraft Heinz Company (NASDAQ:KHC) by 36.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 145,855 shares of the company’s stock after selling 84,310 shares during the quarter. Sicart Associates LLC’s holdings in Kraft Heinz were worth $3,537,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp raised its stake in Kraft Heinz by 1.0% in the second quarter. State Street Corp now owns 46,376,394 shares of the company’s stock valued at $1,197,438,000 after purchasing an additional 462,963 shares in the last quarter. Invesco Ltd. grew its stake in Kraft Heinz by 1.5% in the 3rd quarter. Invesco Ltd. now owns 17,855,352 shares of the company’s stock worth $464,953,000 after buying an additional 270,678 shares in the last quarter. Nordea Investment Management AB grew its stake in Kraft Heinz by 0.8% in the 4th quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock worth $336,134,000 after buying an additional 106,970 shares in the last quarter. Norges Bank bought a new position in shares of Kraft Heinz in the 2nd quarter worth $276,159,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Kraft Heinz by 5.7% in the 3rd quarter. Pacer Advisors Inc. now owns 8,695,229 shares of the company’s stock worth $226,424,000 after buying an additional 466,427 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of research analyst reports. Sanford C. Bernstein lifted their price objective on shares of Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday, February 12th. Piper Sandler reduced their target price on Kraft Heinz from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, March 23rd. Evercore lowered their price target on Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. The Goldman Sachs Group set a $23.00 price target on Kraft Heinz in a research note on Thursday, February 12th. Finally, Zacks Research cut Kraft Heinz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $24.61.

Kraft Heinz Price Performance

KHC opened at $22.04 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.79. The stock’s 50 day simple moving average is $23.56 and its 200 day simple moving average is $24.45. The firm has a market cap of $26.09 billion, a price-to-earnings ratio of -4.46 and a beta of 0.06. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $31.15.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Friday, March 6th. Kraft Heinz’s dividend payout ratio is currently -32.39%.

Insiders Place Their Bets

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total transaction of $121,480.94. Following the completion of the sale, the insider owned 197,463 shares of the company’s stock, valued at $4,806,249.42. This represents a 2.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is owned by insiders.

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.