Kraft Heinz Company $KHC Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 395.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 303,991 shares of the company’s stock after acquiring an additional 242,631 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Kraft Heinz were worth $7,372,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rakuten Securities Inc. boosted its position in Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after acquiring an additional 788 shares during the last quarter. Cape Investment Advisory Inc. grew its position in shares of Kraft Heinz by 164.7% in the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after purchasing an additional 807 shares in the last quarter. Anfield Capital Management LLC grew its position in shares of Kraft Heinz by 256.7% in the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after purchasing an additional 914 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Kraft Heinz in the third quarter valued at approximately $38,000. Finally, Albion Financial Group UT purchased a new position in Kraft Heinz during the third quarter worth approximately $43,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $22.04 on Friday. The stock has a market cap of $26.09 billion, a P/E ratio of -4.46 and a beta of 0.06. The company has a fifty day simple moving average of $23.56 and a 200-day simple moving average of $24.45. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $31.15.

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 business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. The company’s 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. Equities analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KHC. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a report on Thursday, January 22nd. Evercore reduced their target price on Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. Wells Fargo & Company decreased their price target on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. UBS Group increased their price target on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Finally, BNP Paribas Exane cut their price objective on Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating for the company in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, Kraft Heinz currently has an average rating of “Reduce” and an average price target of $24.61.

Insiders Place Their Bets

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of Kraft Heinz stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total value of $121,480.94. Following the transaction, the insider directly owned 197,463 shares in the company, valued at approximately $4,806,249.42. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by corporate 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.