Kraft Heinz Company $KHC Shares Purchased by White Pine Capital LLC

White Pine Capital LLC boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHCFree Report) by 119.4% in the third quarter, Holdings Channel reports. The fund owned 64,489 shares of the company’s stock after purchasing an additional 35,092 shares during the period. White Pine Capital LLC’s holdings in Kraft Heinz were worth $1,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of KHC. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Kraft Heinz during the first quarter worth $207,000. Woodline Partners LP raised its position in Kraft Heinz by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after buying an additional 20,690 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of Kraft Heinz by 5.3% in the 2nd quarter. Stephens Inc. AR now owns 53,872 shares of the company’s stock worth $1,391,000 after acquiring an additional 2,733 shares during the period. Rehmann Capital Advisory Group lifted its stake in shares of Kraft Heinz by 4.9% in the 2nd quarter. Rehmann Capital Advisory Group now owns 15,261 shares of the company’s stock worth $394,000 after acquiring an additional 711 shares during the period. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Kraft Heinz by 64.9% in the second quarter. Bleakley Financial Group LLC now owns 17,603 shares of the company’s stock valued at $455,000 after acquiring an additional 6,931 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

KHC opened at $24.40 on Friday. Kraft Heinz Company has a 1-year low of $21.99 and a 1-year high of $33.35. The stock has a market cap of $28.88 billion, a P/E ratio of -4.94 and a beta of 0.08. The stock’s 50 day simple moving average is $23.99 and its 200 day simple moving average is $25.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.79.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted its earnings results on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, topping 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 company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the previous year, the business earned $0.84 earnings per share. Kraft Heinz’s quarterly 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. As a group, equities analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.6%. The ex-dividend date is Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is -32.39%.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction dated 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 owned 686,817 shares in the company, valued at approximately $17,046,797.94. The trade was a 15.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Evercore cut their price target on shares of Kraft Heinz from $25.00 to $22.00 in a report on Thursday, February 12th. TD Cowen reissued a “hold” rating on shares of Kraft Heinz in a research note on Thursday, February 12th. The Goldman Sachs Group set a $23.00 price target on Kraft Heinz in a report on Thursday, February 12th. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Thursday, January 22nd. Finally, UBS Group increased their price objective on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. 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 an average target price of $25.00.

View Our Latest Report on KHC

Key Stories Impacting Kraft Heinz

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Kraft Heinz Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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