Pensionfund Sabic Buys Shares of 40,000 Kraft Heinz Company $KHC

Pensionfund Sabic bought a new position in Kraft Heinz Company (NASDAQ:KHCFree Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 40,000 shares of the company’s stock, valued at approximately $970,000.

Several other institutional investors have also modified their holdings of the stock. Rakuten Securities Inc. boosted its position in shares of Kraft Heinz by 172.4% during the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after acquiring an additional 788 shares during the last quarter. Cape Investment Advisory Inc. increased its position in Kraft Heinz by 164.7% during the second quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after purchasing an additional 807 shares during the last quarter. Anfield Capital Management LLC raised its stake in Kraft Heinz by 256.7% during the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after purchasing an additional 914 shares during the period. Sentry Investment Management LLC purchased a new position in Kraft Heinz during the third quarter worth about $38,000. Finally, Albion Financial Group UT acquired a new position in Kraft Heinz in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KHC. Piper Sandler cut their price target on shares of Kraft Heinz from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Monday. Barclays increased their price objective on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Morgan Stanley restated an “underweight” rating and issued a $23.00 target price on shares of Kraft Heinz in a research report on Tuesday, February 17th. Sanford C. Bernstein upped their price target on Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a research note on Thursday, February 12th. Finally, BNP Paribas Exane lowered their price target on Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating for the company in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $24.61.

Check Out Our Latest Analysis on KHC

Insider Transactions at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $24.61, for a total transaction of $222,597.45. Following the transaction, the insider owned 202,454 shares of the company’s stock, valued at approximately $4,982,392.94. This represents a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $21.51 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15. The firm has a market cap of $25.46 billion, a P/E ratio of -4.35 and a beta of 0.06. The firm’s 50 day moving average price is $23.64 and its 200-day moving average price is $24.52. Kraft Heinz Company has a one year low of $21.03 and a one year high of $31.15.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted its 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 negative net margin of 23.44% and a positive return on equity of 7.07%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities research analysts predict that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Friday, March 6th. Kraft Heinz’s payout ratio is currently -32.39%.

Kraft Heinz News Roundup

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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