Elo Mutual Pension Insurance Co Has $2.02 Million Stock Position in Kraft Heinz Company $KHC

Elo Mutual Pension Insurance Co increased its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 49.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,371 shares of the company’s stock after acquiring an additional 25,699 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Kraft Heinz were worth $2,015,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. increased its holdings in shares of Kraft Heinz by 172.4% during the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares during the period. Cape Investment Advisory Inc. increased its stake in Kraft Heinz by 164.7% during the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after acquiring an additional 807 shares during the period. Anfield Capital Management LLC increased its stake in Kraft Heinz by 256.7% during the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after acquiring an additional 914 shares during the period. Sentry Investment Management LLC acquired a new position in Kraft Heinz in the 3rd quarter valued at approximately $38,000. Finally, Albion Financial Group UT bought a new stake in shares of Kraft Heinz in the 3rd quarter worth approximately $43,000. 78.17% of the stock is owned by institutional investors.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total value of $121,480.94. Following the completion of the sale, the insider owned 197,463 shares in the company, valued at approximately $4,806,249.42. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Miguel Patricio sold 125,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the completion of the transaction, the insider directly owned 686,817 shares of the company’s stock, valued at approximately $17,046,797.94. This represents a 15.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 139,036 shares of company stock worth $3,446,578 in the last 90 days. Company insiders own 0.35% of the company’s stock.

Kraft Heinz Trading Down 0.7%

Shares of KHC stock opened at $24.04 on Thursday. The company has a market capitalization of $28.46 billion, a P/E ratio of -4.87 and a beta of 0.06. Kraft Heinz Company has a 12-month low of $21.99 and a 12-month high of $33.35. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $24.00 and a 200 day moving average price of $25.02.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Research analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. Kraft Heinz’s payout ratio is currently -32.39%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KHC. Evercore cut their target price on Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. Jefferies Financial Group dropped their price objective on shares of Kraft Heinz from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. The Goldman Sachs Group set a $23.00 target price on shares of Kraft Heinz in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kraft Heinz from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th. Finally, Morgan Stanley restated an “underweight” rating and set a $23.00 price target on shares of Kraft Heinz in a research note on Tuesday, February 17th. 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $24.89.

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.