Banco Bilbao Vizcaya Argentaria S.A. Acquires 48,839 Shares of Kraft Heinz Company $KHC

Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 15.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,948 shares of the company’s stock after buying an additional 48,839 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Kraft Heinz were worth $9,450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chiron Capital Management LLC lifted its position in Kraft Heinz by 3.4% in the 3rd quarter. Chiron Capital Management LLC now owns 45,013 shares of the company’s stock valued at $1,172,000 after acquiring an additional 1,500 shares in the last quarter. Bank of Nova Scotia increased its holdings in Kraft Heinz by 0.7% during the 3rd quarter. Bank of Nova Scotia now owns 106,781 shares of the company’s stock worth $2,781,000 after purchasing an additional 766 shares in the last quarter. BNP Paribas raised its stake in shares of Kraft Heinz by 44.5% in the third quarter. BNP Paribas now owns 5,853 shares of the company’s stock worth $151,000 after purchasing an additional 1,803 shares during the last quarter. Boothbay Fund Management LLC raised its stake in shares of Kraft Heinz by 109.7% in the third quarter. Boothbay Fund Management LLC now owns 36,664 shares of the company’s stock worth $955,000 after purchasing an additional 19,179 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Kraft Heinz by 112.2% in the third quarter. Ameriprise Financial Inc. now owns 2,491,597 shares of the company’s stock valued at $64,872,000 after purchasing an additional 1,317,201 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC opened at $22.71 on Tuesday. The stock has a 50 day moving average of $23.89 and a 200 day moving average of $24.77. The company has a market capitalization of $26.88 billion, a price-to-earnings ratio of -4.60 and a beta of 0.06. Kraft Heinz Company has a 12 month low of $21.99 and a 12 month high of $31.15. 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 (NASDAQ:KHC) last posted 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. The business 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 business’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous 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, sell-side analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s payout ratio is -32.39%.

Insider Transactions at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the transaction, the insider owned 202,454 shares in the company, valued at approximately $4,982,392.94. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 139,036 shares of company stock worth $3,446,578 over the last three months. 0.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KHC has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on Kraft Heinz from $26.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, February 12th. Mizuho dropped their price objective on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. UBS Group upped their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Jefferies Financial Group lowered their target price on shares of Kraft Heinz from $24.00 to $23.00 and set a “hold” rating for the company in a report on Tuesday, January 20th. Finally, Morgan Stanley reissued an “underweight” rating and set a $23.00 price target on shares of Kraft Heinz in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $24.78.

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.