Wilmington Savings Fund Society FSB Sells 37,184 Shares of Kraft Heinz Company $KHC

Wilmington Savings Fund Society FSB lessened its stake in Kraft Heinz Company (NASDAQ:KHCFree Report) by 34.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,891 shares of the company’s stock after selling 37,184 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Kraft Heinz were worth $1,872,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its stake in shares of 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 buying an additional 788 shares during the last quarter. Cape Investment Advisory Inc. raised its position in Kraft Heinz by 164.7% during the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after acquiring an additional 807 shares in the last quarter. Anfield Capital Management LLC lifted its holdings in Kraft Heinz by 256.7% in the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after acquiring an additional 914 shares during the period. Sentry Investment Management LLC purchased a new stake in Kraft Heinz in the 3rd quarter worth approximately $38,000. Finally, Albion Financial Group UT purchased a new stake in Kraft Heinz in the 3rd quarter worth approximately $43,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KHC shares. Jefferies Financial Group cut 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. Evercore lowered their price target on shares of Kraft Heinz from $25.00 to $22.00 in a report on Thursday, February 12th. Zacks Research cut shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Finally, UBS Group increased 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $24.78.

Check Out Our Latest Report on Kraft Heinz

Key Kraft Heinz News

Here are the key news stories impacting Kraft Heinz this week:

Kraft Heinz Stock Down 1.4%

NASDAQ KHC opened at $21.76 on Friday. The business has a 50 day moving average price of $23.82 and a two-hundred day moving average price of $24.69. The stock has a market cap of $25.76 billion, a PE ratio of -4.40 and a beta of 0.06. Kraft Heinz Company has a fifty-two week low of $21.72 and a fifty-two week high of $31.15. 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 (NASDAQ:KHCGet Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.Kraft Heinz’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. 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 declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 7.4%. Kraft Heinz’s payout ratio is -32.39%.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of Kraft Heinz stock in a transaction that occurred 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 in the company, valued at $4,806,249.42. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by corporate insiders.

Kraft Heinz Company 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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