Aberdeen Group plc Cuts Position in Kraft Heinz Company $KHC

Aberdeen Group plc cut its position in Kraft Heinz Company (NASDAQ:KHC) by 4.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 616,013 shares of the company’s stock after selling 27,224 shares during the quarter. Aberdeen Group plc owned 0.05% of Kraft Heinz worth $15,939,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. STF Management LP grew its holdings in shares of Kraft Heinz by 2.1% in the second quarter. STF Management LP now owns 18,475 shares of the company’s stock valued at $477,000 after purchasing an additional 374 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Kraft Heinz by 15.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,219 shares of the company’s stock worth $84,000 after purchasing an additional 431 shares during the period. Hantz Financial Services Inc. raised its position in Kraft Heinz by 13.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock valued at $101,000 after purchasing an additional 460 shares in the last quarter. Barrett & Company Inc. boosted its stake in shares of Kraft Heinz by 22.7% in the 3rd quarter. Barrett & Company Inc. now owns 2,700 shares of the company’s stock valued at $70,000 after buying an additional 500 shares during the period. Finally, Silverlake Wealth Management LLC grew its position in shares of Kraft Heinz by 3.4% during the second quarter. Silverlake Wealth Management LLC now owns 16,021 shares of the company’s stock worth $414,000 after buying an additional 530 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KHC shares. Zacks Research downgraded shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Thursday, January 22nd. TD Cowen reissued a “hold” rating on shares of Kraft Heinz in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft cut their price target on 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, Sanford C. Bernstein upped their price objective on Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $25.00.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $23.95 on Thursday. The stock’s 50-day moving average is $23.99 and its two-hundred day moving average is $25.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15. Kraft Heinz Company has a 1 year low of $21.99 and a 1 year high of $33.35. The firm has a market cap of $28.35 billion, a price-to-earnings ratio of -4.85 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $6.35 billion during 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 business’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

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 paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. Kraft Heinz’s dividend payout ratio is currently -32.39%.

Insider Activity at Kraft Heinz

In related news, insider Miguel Patricio sold 125,000 shares of the firm’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 transaction, the insider owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This trade represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.35% of the company’s stock.

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.