SG Americas Securities LLC Purchases 1,860,826 Shares of Kraft Heinz Company $KHC

SG Americas Securities LLC grew its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 127.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,319,277 shares of the company’s stock after purchasing an additional 1,860,826 shares during the quarter. SG Americas Securities LLC’s holdings in Kraft Heinz were worth $74,651,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new stake in shares of Kraft Heinz in the first quarter valued at approximately $207,000. Woodline Partners LP grew its stake in Kraft Heinz by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after buying an additional 20,690 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Kraft Heinz by 16.6% during the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after acquiring an additional 7,307 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock valued at $13,482,000 after acquiring an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC purchased a new stake in shares of Kraft Heinz during the second quarter worth $207,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Down 3.5%

KHC opened at $22.03 on Tuesday. The firm has a market capitalization of $26.12 billion, a P/E ratio of -4.53 and a beta of 0.08. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19. The company has a fifty day moving average price of $23.08 and a 200-day moving average price of $23.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th 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 7.3%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is -32.92%.

Insider Activity

In other news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the transaction, the insider owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on KHC shares. TD Cowen cut their price target on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. JPMorgan Chase & Co. dropped their price objective on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, March 25th. BNP Paribas Exane cut their target price on Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. UBS Group lifted their target price on Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $25.00 to $21.00 in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $22.69.

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.