Kraft Heinz (NASDAQ:KHC) Insider Sells $426,471.10 in Stock

Kraft Heinz Company (NASDAQ:KHC) 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 transaction, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kraft Heinz Stock Performance

Shares of KHC opened at $22.94 on Thursday. The stock has a market capitalization of $27.20 billion, a PE ratio of -4.72 and a beta of 0.08. The business’s fifty day moving average price is $23.08 and its 200 day moving average price is $23.45. 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 Company has a 12-month low of $21.03 and a 12-month high of $29.19.

Kraft Heinz (NASDAQ:KHC) last posted 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. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. During the same period in the previous year, the business posted $0.62 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts forecast that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 7.0%. Kraft Heinz’s dividend payout ratio is -32.92%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Graney & King LLC lifted its position in Kraft Heinz by 20.5% in the fourth quarter. Graney & King LLC now owns 2,560 shares of the company’s stock worth $62,000 after purchasing an additional 435 shares during the period. V Square Quantitative Management LLC increased 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 valued at $361,000 after purchasing an additional 458 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Kraft Heinz by 1.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock worth $718,000 after buying an additional 490 shares in the last quarter. New England Capital Financial Advisors LLC lifted its holdings in shares of 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 period. Finally, Deseret Mutual Benefit Administrators boosted its stake in Kraft Heinz by 6.6% during 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 in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. BTIG Research started coverage on Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. JPMorgan Chase & Co. reduced their price target on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating for the company in a report on Wednesday, March 25th. TD Cowen dropped their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Finally, Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target 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.