Financial Solutions Advisory Group Inc. Takes $1.37 Million Position in Kraft Heinz Company $KHC

Financial Solutions Advisory Group Inc. acquired a new position in shares of Kraft Heinz Company (NASDAQ:KHC) in the first quarter, Holdings Channel reports. The fund acquired 60,986 shares of the company’s stock, valued at approximately $1,372,000.

Several other institutional investors have also made changes to their positions in the business. Auto Owners Insurance Co raised its position in Kraft Heinz by 3,034.1% in the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after purchasing an additional 15,951,271 shares in the last quarter. Norges Bank acquired a new stake in Kraft Heinz during the fourth quarter valued at approximately $332,382,000. Barclays PLC boosted its holdings in Kraft Heinz by 77.8% during the fourth quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock valued at $217,599,000 after purchasing an additional 3,926,141 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Kraft Heinz by 94.8% in the 1st quarter. California Public Employees Retirement System now owns 4,347,594 shares of the company’s stock valued at $97,777,000 after purchasing an additional 2,116,175 shares during the period. Finally, KBC Group NV grew its position in Kraft Heinz by 226.3% during the 1st quarter. KBC Group NV now owns 2,990,755 shares of the company’s stock worth $67,262,000 after acquiring an additional 2,074,270 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KHC. UBS Group upped their price objective on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Evercore set a $23.00 target price on Kraft Heinz in a research note on Thursday, July 23rd. Wall Street Zen upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Morgan Stanley set a $22.00 price target on shares of Kraft Heinz in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz has a consensus rating of “Reduce” and an average price target of $23.19.

Kraft Heinz Trading Down 2.0%

NASDAQ KHC opened at $25.85 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. The firm has a market cap of $30.65 billion, a P/E ratio of -5.32 and a beta of 0.09. The stock’s 50-day moving average is $24.48 and its 200-day moving average is $23.69. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.10.

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

Kraft Heinz Dividend Announcement

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

Insider Activity

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the sale, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. This trade represents a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is owned by corporate insiders.

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.