Oppenheimer & Co. Inc. Reduces Holdings in Kraft Heinz Company $KHC

Oppenheimer & Co. Inc. decreased its stake in shares of Kraft Heinz Company (NASDAQ:KHCFree Report) by 29.4% during the fourth quarter, HoldingsChannel reports. The firm owned 55,908 shares of the company’s stock after selling 23,285 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Kraft Heinz were worth $1,356,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Parkside Financial Bank & Trust lifted its holdings in Kraft Heinz by 15.5% in the third quarter. Parkside Financial Bank & Trust now owns 3,219 shares of the company’s stock worth $84,000 after buying an additional 431 shares during the period. V Square Quantitative Management LLC grew its holdings 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 acquiring an additional 458 shares during the period. Hantz Financial Services Inc. raised its position in shares of Kraft Heinz by 13.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock worth $101,000 after acquiring an additional 460 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted 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 valued at $718,000 after purchasing an additional 490 shares during the period. Finally, Barrett & Company Inc. boosted its position in shares of Kraft Heinz by 22.7% during the third quarter. Barrett & Company Inc. now owns 2,700 shares of the company’s stock valued at $70,000 after purchasing an additional 500 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KHC has been the subject of a number of research reports. TD Cowen decreased their price objective on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. Mizuho reduced their target price on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. BTIG Research assumed coverage on shares of Kraft Heinz in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. Finally, UBS Group dropped their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Reduce” and a consensus price target of $23.47.

View Our Latest Stock Analysis on Kraft Heinz

Insider Activity

In other news, insider Cory Onell sold 9,045 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $24.61, for a total value of $222,597.45. Following the transaction, the insider owned 202,454 shares in the company, valued at approximately $4,982,392.94. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.24% of the company’s stock.

Kraft Heinz Trading Up 0.5%

Kraft Heinz stock opened at $22.54 on Wednesday. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The company has a market capitalization of $26.73 billion, a price-to-earnings ratio of -4.56 and a beta of 0.06. The business’s fifty day simple moving average is $22.83 and its two-hundred day simple moving average is $23.85. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHCGet Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The company’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities analysts predict that Kraft Heinz Company will post 2.04 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 7.1%. Kraft Heinz’s payout ratio is -32.39%.

Key Headlines Impacting Kraft Heinz

Here are the key news stories impacting Kraft Heinz this week:

Kraft Heinz Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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