Kraft Heinz Company $KHC Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC increased its position in Kraft Heinz Company (NASDAQ:KHC) by 464.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,050 shares of the company’s stock after acquiring an additional 36,242 shares during the period. CreativeOne Wealth LLC’s holdings in Kraft Heinz were worth $1,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in KHC. Rakuten Securities Inc. increased its holdings in shares of Kraft Heinz by 172.4% in the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares during the period. Cape Investment Advisory Inc. lifted its holdings in shares of Kraft Heinz by 164.7% during 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 period. Anfield Capital Management LLC boosted its position in 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 buying an additional 914 shares during the last quarter. Sentry Investment Management LLC acquired a new position in Kraft Heinz in the 3rd quarter worth approximately $38,000. Finally, Albion Financial Group UT acquired a new position in Kraft Heinz in the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 2.2%

Shares of Kraft Heinz stock opened at $23.14 on Thursday. The firm has a 50-day simple moving average of $23.98 and a two-hundred day simple moving average of $24.90. The company has a market cap of $27.39 billion, a P/E ratio of -4.68 and a beta of 0.06. Kraft Heinz Company has a fifty-two week low of $21.99 and a fifty-two week high of $31.15. 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 (NASDAQ:KHC) last posted its earnings results on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same period last year, the firm earned $0.84 EPS. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities analysts predict 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.39%.

Analyst Ratings Changes

Several analysts have commented on the stock. BNP Paribas Exane decreased their price objective on shares of Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating for the company in a research note on Thursday, February 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kraft Heinz from $26.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, February 12th. Sanford C. Bernstein boosted their target price on shares of Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, February 12th. Finally, Jefferies Financial Group lowered their price target on shares of Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Kraft Heinz has an average rating of “Reduce” and a consensus target price of $24.89.

Insider Activity at Kraft Heinz

In other news, insider Cory Onell sold 4,991 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the transaction, the insider owned 197,463 shares in the company, valued at $4,806,249.42. This trade represents a 2.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction 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 sale, the insider directly owned 686,817 shares in the company, valued at $17,046,797.94. This represents a 15.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 139,036 shares of company stock worth $3,446,578. 0.35% of the stock is owned by corporate insiders.

Kraft Heinz Company 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.