Kraft Heinz Company $KHC Shares Sold by Wealth Advisors of Tampa Bay LLC

Wealth Advisors of Tampa Bay LLC trimmed its position in Kraft Heinz Company (NASDAQ:KHC) by 71.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,983 shares of the company’s stock after selling 92,628 shares during the period. Wealth Advisors of Tampa Bay LLC’s holdings in Kraft Heinz were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KHC. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Kraft Heinz in the first quarter worth $207,000. Woodline Partners LP increased its stake in shares of Kraft Heinz by 39.0% in the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after acquiring an additional 20,690 shares during the period. NewEdge Advisors LLC increased its stake in shares of Kraft Heinz by 16.6% in the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock worth $1,323,000 after acquiring an additional 7,307 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Kraft Heinz by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after acquiring an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC acquired a new stake in shares of Kraft Heinz in the second quarter worth $207,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Up 0.3%

KHC stock opened at $23.85 on Wednesday. The firm has a market cap of $28.28 billion, a PE ratio of -4.91 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The firm’s fifty day moving average is $22.66 and its 200 day moving average is $23.68. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, research analysts forecast that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.7%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of Kraft Heinz in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. BNP Paribas Exane cut their price objective on shares of Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. TD Cowen cut their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Piper Sandler cut 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, Mizuho cut their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $23.06.

Insider Buying and Selling

In related news, insider Cory Onell sold 4,991 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total transaction of $121,480.94. Following the sale, the insider owned 197,463 shares in the company, valued at approximately $4,806,249.42. This trade represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Kraft Heinz 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.