Kraft Heinz (NASDAQ:KHC) Insider Cory Onell Sells 4,991 Shares of Stock

Kraft Heinz Company (NASDAQ:KHC) insider Cory Onell sold 4,991 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total value of $121,480.94. Following the transaction, the insider owned 197,463 shares in the company, valued at approximately $4,806,249.42. This represents a 2.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Cory Onell also recently made the following trade(s):

• On Monday, March 2nd, Cory Onell sold 9,045 shares of Kraft Heinz stock. The shares were sold at an average price of $24.61, for a total value of $222,597.45.

Kraft Heinz Stock Down 1.2%

NASDAQ KHC opened at $24.22 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a fifty-two week low of $21.99 and a fifty-two week high of $33.35. The business has a 50 day moving average price of $24.00 and a two-hundred day moving average price of $25.03. The stock has a market cap of $28.67 billion, a PE ratio of -4.90 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data 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 company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.38 billion. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $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 predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Jessup Wealth Management Inc bought a new position in shares of Kraft Heinz during the fourth quarter worth about $27,000. Reflection Asset Management bought a new position in Kraft Heinz in the 4th quarter worth about $28,000. Key Capital Management INC acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $29,000. DV Equities LLC bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $29,000. Finally, New England Capital Financial Advisors LLC boosted its position in shares of Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after buying an additional 511 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KHC. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kraft Heinz from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, February 12th. Sanford C. Bernstein increased their price target on shares of Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a research report on Thursday, February 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a report on Thursday, January 22nd. JPMorgan Chase & Co. cut Kraft Heinz from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $24.00 to $22.00 in a research note on Thursday, February 12th. Finally, Piper Sandler decreased their target price on Kraft Heinz from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $24.89.

About Kraft Heinz

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.