NEOS Investment Management LLC Acquires 174,643 Shares of Kraft Heinz Company $KHC

NEOS Investment Management LLC grew its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 58.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 471,471 shares of the company’s stock after buying an additional 174,643 shares during the quarter. NEOS Investment Management LLC’s holdings in Kraft Heinz were worth $12,277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rakuten Securities Inc. increased its stake in Kraft Heinz by 172.4% in 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. grew its holdings 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 worth $33,000 after purchasing an additional 807 shares during the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Kraft Heinz in the second quarter worth $39,000. Sentry Investment Management LLC purchased a new position in shares of Kraft Heinz in the third quarter worth $38,000. Finally, Albion Financial Group UT bought a new stake in Kraft Heinz during the 3rd quarter valued at $43,000. Institutional investors own 78.17% of the company’s stock.

Insiders Place Their Bets

In other news, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction that occurred on Wednesday, December 17th. The shares were 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 in the company, valued at approximately $17,046,797.94. This trade represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, January 20th. Morgan Stanley restated an “underweight” rating and set a $23.00 price target on shares of Kraft Heinz in a report on Tuesday. Mizuho lowered their price target on Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Barclays lifted their price objective on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein upped their target price on Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $25.00.

Kraft Heinz Stock Down 4.1%

Shares of NASDAQ:KHC opened at $23.78 on Wednesday. The firm has a market capitalization of $28.15 billion, a P/E ratio of -4.81 and a beta of 0.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15. The stock has a 50 day moving average price of $24.00 and a 200-day moving average price of $25.25. Kraft Heinz Company has a 52-week low of $21.99 and a 52-week high of $33.35.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results 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. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities research analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

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

Kraft Heinz 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.