SVB Wealth LLC Raises Stock Position in Kraft Heinz Company $KHC

SVB Wealth LLC grew its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 1,076.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 195,077 shares of the company’s stock after acquiring an additional 178,498 shares during the period. SVB Wealth LLC’s holdings in Kraft Heinz were worth $4,387,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KHC. Jessup Wealth Management Inc bought a new stake in Kraft Heinz during the 4th quarter valued at $27,000. Reflection Asset Management purchased a new stake in shares of Kraft Heinz in the 4th quarter worth $28,000. Key Capital Management INC bought a new position in shares of Kraft Heinz during the 4th quarter worth $29,000. DV Equities LLC purchased a new position in shares of Kraft Heinz during the fourth quarter valued at $29,000. Finally, New England Capital Financial Advisors LLC increased its stake 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 valued at $30,000 after buying an additional 511 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

KHC has been the subject of a number of research reports. Mizuho lowered their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Wells Fargo & Company reduced their price target on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Piper Sandler dropped their price objective on shares of Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Finally, BTIG Research started coverage on shares of Kraft Heinz in a report on Monday, April 13th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $22.69.

Kraft Heinz Price Performance

Shares of KHC stock opened at $22.03 on Tuesday. The stock’s 50-day moving average is $23.08 and its 200 day moving average is $23.48. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. The company has a market cap of $26.12 billion, a P/E ratio of -4.53 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 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 2.07 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s payout ratio is -32.92%.

Insider Activity at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by company insiders.

Kraft Heinz Company 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.