Compass Rose Asset Management LP Makes New Investment in Kraft Heinz Company $KHC

Compass Rose Asset Management LP bought a new position in Kraft Heinz Company (NASDAQ:KHC) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 900,000 shares of the company’s stock, valued at approximately $23,436,000. Kraft Heinz comprises 3.9% of Compass Rose Asset Management LP’s holdings, making the stock its 8th largest holding. Compass Rose Asset Management LP owned approximately 0.08% of Kraft Heinz at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Rakuten Securities Inc. boosted its position in Kraft Heinz by 172.4% in the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares during the last quarter. Anfield Capital Management LLC increased its position in shares of Kraft Heinz by 256.7% during the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after purchasing an additional 914 shares during the last quarter. Cape Investment Advisory Inc. raised its stake in shares of Kraft Heinz by 164.7% during the 2nd 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. Sentry Investment Management LLC purchased a new position in shares of Kraft Heinz in the 3rd quarter worth about $38,000. Finally, Albion Financial Group UT purchased a new position in shares of Kraft Heinz in the 3rd quarter worth about $43,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction 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 sale, the insider owned 686,817 shares in the company, valued at $17,046,797.94. This represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Cory Onell sold 4,991 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total value of $121,480.94. Following the completion of the transaction, the insider directly owned 197,463 shares of the company’s stock, valued at $4,806,249.42. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 139,036 shares of company stock worth $3,446,578 in the last three months. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the subject of a number of research analyst reports. Mizuho decreased their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. JPMorgan Chase & Co. cut shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $24.00 to $22.00 in a research note on Thursday, February 12th. Sanford C. Bernstein increased 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. Morgan Stanley restated an “underweight” rating and set a $23.00 price target on shares of Kraft Heinz in a research note on Tuesday, February 17th. Finally, Barclays lifted their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $24.78.

Kraft Heinz Price Performance

NASDAQ KHC opened at $22.58 on Friday. 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 $26.73 billion, a PE ratio of -4.57 and a beta of 0.06. Kraft Heinz Company has a 52 week low of $21.99 and a 52 week high of $31.15. The firm’s 50-day simple moving average is $23.91 and its two-hundred day simple moving average is $24.83.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results 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 firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current 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. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 7.1%. Kraft Heinz’s payout ratio is presently -32.39%.

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.