Lido Advisors LLC Has $348,000 Stock Position in Kraft Heinz Company $KHC

Lido Advisors LLC lowered its position in Kraft Heinz Company (NASDAQ:KHC) by 56.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,474 shares of the company’s stock after selling 20,416 shares during the period. Lido Advisors LLC’s holdings in Kraft Heinz were worth $348,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KHC. Cassaday & Co Wealth Management LLC acquired a new position in Kraft Heinz in the first quarter valued at about $27,000. Jessup Wealth Management Inc acquired a new stake in shares of Kraft Heinz during the fourth quarter worth about $27,000. Reflection Asset Management acquired a new stake in shares of Kraft Heinz during the fourth quarter worth about $28,000. Key Capital Management INC bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $29,000. Finally, DV Equities LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on KHC shares. Piper Sandler lifted their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Wells Fargo & Company increased their price objective on shares of Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. BTIG Research initiated coverage on shares of Kraft Heinz in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley set a $22.00 target price on shares of Kraft Heinz in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $23.19.

Kraft Heinz Price Performance

Shares of KHC opened at $25.85 on Friday. The stock has a market capitalization of $30.65 billion, a P/E ratio of -5.32 and a beta of 0.09. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $28.10. The company has a 50 day moving average of $24.48 and a 200-day moving average of $23.69. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities research analysts forecast that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.2%. The ex-dividend date was Friday, June 5th. Kraft Heinz’s payout ratio is presently -32.92%.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the sale, the insider directly owned 102,667 shares of the company’s stock, valued at $2,366,474.35. The trade was a 15.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.24% of the company’s stock.

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.