Philip James Wealth Mangement LLC Has $3.51 Million Holdings in Kraft Heinz Company $KHC

Philip James Wealth Mangement LLC decreased its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 34.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 144,639 shares of the company’s stock after selling 75,508 shares during the period. Philip James Wealth Mangement LLC’s holdings in Kraft Heinz were worth $3,507,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Generali Asset Management SPA SGR raised its position in Kraft Heinz by 192.4% in the 3rd quarter. Generali Asset Management SPA SGR now owns 81,260 shares of the company’s stock valued at $2,116,000 after purchasing an additional 53,467 shares during the last quarter. Fairfax Financial Holdings Ltd. Can grew its holdings in shares of Kraft Heinz by 45.4% during the second quarter. Fairfax Financial Holdings Ltd. Can now owns 4,884,000 shares of the company’s stock worth $126,056,000 after purchasing an additional 1,525,000 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Kraft Heinz in the third quarter valued at $4,678,000. Savoir Faire Capital Management L.P. bought a new position in shares of Kraft Heinz in the third quarter valued at about $12,923,000. Finally, Schroder Investment Management Group raised its holdings in shares of Kraft Heinz by 2.4% in the third quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock valued at $84,994,000 after buying an additional 77,045 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KHC shares. Sanford C. Bernstein increased their price objective on shares of Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday, February 12th. Jefferies Financial Group dropped their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research report on Thursday, January 22nd. Zacks Research lowered shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Finally, Evercore dropped their price objective on shares of Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $23.71.

Insiders Place Their Bets

In related news, insider Cory Onell sold 9,045 shares of Kraft Heinz stock in a transaction that occurred on Monday, March 2nd. The shares were 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 $4,982,392.94. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is owned by insiders.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $22.79 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $31.15. The stock’s fifty day simple moving average is $23.50 and its 200-day simple moving average is $24.34. The firm has a market capitalization of $26.98 billion, a P/E ratio of -4.61 and a beta of 0.07.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.39%.

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.