Kraft Heinz Company $KHC Stock Position Raised by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its position in Kraft Heinz Company (NASDAQ:KHC) by 70.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 157,634 shares of the company’s stock after buying an additional 65,129 shares during the period. Kestra Advisory Services LLC’s holdings in Kraft Heinz were worth $3,581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alyeska Investment Group L.P. acquired a new position in shares of Kraft Heinz during the 2nd quarter worth $1,968,000. Gradient Investments LLC boosted its position in shares of Kraft Heinz by 11.8% in the 3rd quarter. Gradient Investments LLC now owns 667,877 shares of the company’s stock worth $15,174,000 after buying an additional 70,534 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Kraft Heinz in the 2nd quarter valued at about $1,076,000. The Manufacturers Life Insurance Company grew its stake in Kraft Heinz by 11.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 561,627 shares of the company’s stock valued at $13,266,000 after acquiring an additional 57,092 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC grew its stake in Kraft Heinz by 70.2% in the 2nd quarter. Franklin Street Advisors Inc. NC now owns 994,375 shares of the company’s stock valued at $23,487,000 after acquiring an additional 410,029 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Kraft Heinz

These are some of the KHC headlines that stood out recently:

• Positive Sentiment: The planned $650 million sale of its North American coffee business, while retaining a minority stake, would simplify the portfolio. Kraft Heinz expects to use most of the proceeds to reduce debt, potentially strengthening its balance sheet. Coffee Unit Sale Could Be a Big Move for Kraft Heinz Stock
• Neutral Sentiment: Management expects organic sales growth to resume in the second half of 2027. That sets a recovery target, but leaves investors waiting for evidence of improvement. Kraft Heinz Expects Return to Organic Sales Growth in Second Half of 2027
• Negative Sentiment: A “death cross”—a technical pattern in which a shorter-term moving average falls below a longer-term one—may weigh on sentiment. Coverage also described the quarterly performance as weaker, despite the higher full-year EPS outlook. KHC Stock Forms Death Cross

Kraft Heinz Price Performance

Shares of KHC traded up $0.60 during trading hours on Friday, reaching $25.08. 17,286,553 shares of the company traded hands, compared to its average volume of 15,746,642. The stock has a market capitalization of $29.69 billion, a PE ratio of -8.77, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12. The stock has a fifty day simple moving average of $23.88 and a 200 day simple moving average of $23.95. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $28.09. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, November 4th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.11. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, research analysts predict that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Friday, December 4th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, December 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. Kraft Heinz’s payout ratio is -54.79%.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent research reports. Weiss Ratings downgraded shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Jefferies Financial Group reissued a “hold” rating and set a $24.00 price objective on shares of Kraft Heinz in a research note on Wednesday, November 4th. Wells Fargo & Company lifted their price objective on Kraft Heinz from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 5th. TD Cowen reaffirmed a “hold” rating and issued a $22.00 target price on shares of Kraft Heinz in a research note on Tuesday, September 22nd. Finally, Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $23.80.

Kraft Heinz Profile

The Kraft Heinz Company (NASDAQ: KHC) manufactures and markets food and beverage products for consumers, retailers and food-service businesses. Its portfolio includes condiments and sauces, cheese and dairy products, packaged meals, meats, snacks and beverages, sold under brands such as Heinz, Kraft, Oscar Mayer and Philadelphia. The company was formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. It serves customers in the United States and other markets around the world, with its business spanning North America and international regions.