Ingalls & Snyder LLC Has $8.52 Million Position in Kraft Heinz Company $KHC

Ingalls & Snyder LLC trimmed its holdings in Kraft Heinz Company (NASDAQ:KHC) by 16.7% during the third quarter, Holdings Channel reports. The firm owned 326,984 shares of the company’s stock after selling 65,636 shares during the quarter. Ingalls & Snyder LLC’s holdings in Kraft Heinz were worth $8,515,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NEOS Investment Management LLC increased its holdings in Kraft Heinz by 58.8% in the third quarter. NEOS Investment Management LLC now owns 471,471 shares of the company’s stock worth $12,277,000 after purchasing an additional 174,643 shares in the last quarter. Summitry LLC boosted its holdings in shares of Kraft Heinz by 17.2% during the 3rd quarter. Summitry LLC now owns 11,820 shares of the company’s stock worth $308,000 after buying an additional 1,737 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Kraft Heinz by 4.7% during the 3rd quarter. Fifth Third Bancorp now owns 21,666 shares of the company’s stock worth $564,000 after buying an additional 965 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Kraft Heinz by 6.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 286,845 shares of the company’s stock valued at $7,469,000 after acquiring an additional 17,779 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Kraft Heinz by 10.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 256,996 shares of the company’s stock valued at $6,692,000 after acquiring an additional 24,198 shares during the period. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC opened at $23.78 on Wednesday. The firm has a market capitalization of $28.15 billion, a P/E ratio of -4.81 and a beta of 0.08. Kraft Heinz Company has a 52 week low of $21.99 and a 52 week high of $33.35. The stock has a 50 day moving average price of $24.00 and a two-hundred day moving average price of $25.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 6.7%. Kraft Heinz’s payout ratio is -32.39%.

Insider Transactions at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total value of $3,102,500.00. Following the transaction, the insider owned 686,817 shares in the company, valued at $17,046,797.94. The trade was a 15.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the subject of a number of research reports. UBS Group raised their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Jefferies Financial Group reduced their target price on Kraft Heinz from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Wells Fargo & Company decreased their target price on Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. The Goldman Sachs Group set a $23.00 price target on Kraft Heinz in a report on Thursday, February 12th. Finally, TD Cowen reissued a “hold” rating on shares of Kraft Heinz in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $25.00.

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.