MAI Capital Management Lowers Position in Kraft Heinz Company $KHC

MAI Capital Management lessened its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 63.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,398 shares of the company’s stock after selling 33,870 shares during the quarter. MAI Capital Management’s holdings in Kraft Heinz were worth $505,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC bought a new stake in Kraft Heinz during the first quarter valued at approximately $207,000. Woodline Partners LP lifted its holdings in shares of 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 acquiring an additional 20,690 shares during the last quarter. Hantz Financial Services Inc. grew its position in Kraft Heinz by 422.7% in the second quarter. Hantz Financial Services Inc. now owns 3,434 shares of the company’s stock worth $89,000 after acquiring an additional 2,777 shares in the last quarter. Atria Investments Inc increased its stake in Kraft Heinz by 4.0% in the second quarter. Atria Investments Inc now owns 39,213 shares of the company’s stock valued at $1,012,000 after acquiring an additional 1,514 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its position in Kraft Heinz by 30.2% during the second quarter. iA Global Asset Management Inc. now owns 171,302 shares of the company’s stock valued at $4,423,000 after purchasing an additional 39,760 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Down 0.4%

Shares of NASDAQ KHC opened at $24.51 on Tuesday. The firm’s fifty day moving average is $23.99 and its 200 day moving average is $25.06. Kraft Heinz Company has a 52 week low of $21.99 and a 52 week high of $33.35. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The company has a market cap of $29.01 billion, a price-to-earnings ratio of -4.96 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts expect 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Friday, March 6th. Kraft Heinz’s payout ratio is currently -32.39%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KHC. 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 report on Thursday, February 12th. UBS Group increased their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft lowered their price objective 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. JPMorgan Chase & Co. lowered shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $24.00 to $22.00 in a report on Thursday, February 12th. Finally, Evercore lowered their price target on shares of Kraft Heinz from $25.00 to $22.00 in a research note 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 issued a Sell rating to the company. Based on data from MarketBeat, Kraft Heinz currently has a consensus rating of “Reduce” and a consensus price target of $24.89.

Insider Buying and Selling

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This represents a 15.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is owned by insiders.

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.