Kraft Heinz Company $KHC Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 16.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 391,747 shares of the company’s stock after acquiring an additional 54,427 shares during the period. Cetera Investment Advisers’ holdings in Kraft Heinz were worth $8,810,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Graney & King LLC raised its holdings in shares of Kraft Heinz by 20.5% in the 4th quarter. Graney & King LLC now owns 2,560 shares of the company’s stock valued at $62,000 after purchasing an additional 435 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Kraft Heinz by 3.2% during the 4th quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock worth $361,000 after purchasing an additional 458 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Kraft Heinz by 1.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock worth $718,000 after purchasing an additional 490 shares in the last quarter. New England Capital Financial Advisors LLC increased its holdings in Kraft Heinz by 70.2% in 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 last quarter. Finally, Deseret Mutual Benefit Administrators increased its holdings in Kraft Heinz by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock valued at $201,000 after buying an additional 515 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on KHC. Piper Sandler raised their price target on Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Sanford C. Bernstein lowered Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. UBS Group boosted their target price on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. upped their price target on Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Kraft Heinz has an average rating of “Reduce” and an average price target of $23.19.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $25.85 on Friday. The company has a fifty day moving average of $24.48 and a two-hundred day moving average of $23.69. The company has a market capitalization of $30.65 billion, a PE ratio of -5.32 and a beta of 0.09. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $28.10. 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 posted 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. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.2%. Kraft Heinz’s payout ratio is currently -32.92%.

Insider Buying and Selling at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the sale, the insider directly owned 102,667 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

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.