Advisors Asset Management Inc. Has $9.04 Million Stake in Kraft Heinz Company $KHC

Advisors Asset Management Inc. grew its stake in shares of Kraft Heinz Company (NASDAQ:KHCFree Report) by 20.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 347,292 shares of the company’s stock after buying an additional 59,261 shares during the period. Advisors Asset Management Inc.’s holdings in Kraft Heinz were worth $9,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. raised its position in shares of Kraft Heinz by 118.3% in the third quarter. Stratos Wealth Partners LTD. now owns 91,875 shares of the company’s stock valued at $2,392,000 after purchasing an additional 49,781 shares during the period. Baader Bank Aktiengesellschaft grew its stake in Kraft Heinz by 2.8% during the third quarter. Baader Bank Aktiengesellschaft now owns 22,171 shares of the company’s stock worth $577,000 after buying an additional 607 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in Kraft Heinz by 15.8% during the third quarter. Wesbanco Bank Inc. now owns 12,219 shares of the company’s stock worth $318,000 after purchasing an additional 1,671 shares during the last quarter. Arista Wealth Management LLC acquired a new stake in Kraft Heinz in the third quarter valued at about $260,000. Finally, Johnson Investment Counsel Inc. boosted its stake in shares of Kraft Heinz by 2.9% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 25,929 shares of the company’s stock valued at $675,000 after purchasing an additional 728 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Miguel Patricio sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the sale, the insider directly owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This trade represents a 15.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.35% of the company’s stock.

Kraft Heinz News Roundup

Here are the key news stories impacting Kraft Heinz this week:

Kraft Heinz Trading Up 0.4%

Shares of Kraft Heinz stock opened at $24.99 on Thursday. The stock has a market cap of $29.58 billion, a price-to-earnings ratio of -6.70 and a beta of 0.08. Kraft Heinz Company has a 12-month low of $21.99 and a 12-month high of $33.35. The company has a fifty day simple moving average of $24.00 and a 200-day simple moving average of $25.37. The company has a current ratio of 1.13, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted 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 business 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 7.26% and a negative net margin of 17.35%.The company’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

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 issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 6.4%. Kraft Heinz’s payout ratio is presently -42.90%.

Analyst Ratings Changes

KHC has been the subject of a number of research analyst reports. Sanford C. Bernstein decreased their price target on Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating for the company in a research report on Tuesday, October 28th. The Goldman Sachs Group lowered their price objective on shares of Kraft Heinz from $30.00 to $27.00 in a report on Thursday, October 30th. TD Cowen lowered their price objective on shares of Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Wells Fargo & Company reduced their target price on Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Finally, Mizuho lowered their target price on shares of Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Kraft Heinz has a consensus rating of “Reduce” and an average price target of $26.16.

Get Our Latest Analysis on KHC

Kraft Heinz Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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