Quinn Opportunity Partners LLC Grows Holdings in Kraft Heinz Company $KHC

Quinn Opportunity Partners LLC grew its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 21.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 488,238 shares of the company’s stock after purchasing an additional 85,000 shares during the period. Kraft Heinz accounts for about 0.9% of Quinn Opportunity Partners LLC’s investment portfolio, making the stock its 22nd largest position. Quinn Opportunity Partners LLC’s holdings in Kraft Heinz were worth $12,714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. raised its position in shares of Kraft Heinz by 172.4% in the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after buying an additional 788 shares during the last quarter. Cape Investment Advisory Inc. boosted 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 acquiring an additional 807 shares during the last quarter. Anfield Capital Management LLC boosted its position 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 acquiring an additional 914 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in Kraft Heinz in the 3rd quarter worth approximately $38,000. Finally, Albion Financial Group UT acquired a new position in Kraft Heinz in the 3rd quarter valued at $43,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the completion of the sale, the insider owned 686,817 shares in the company, valued at approximately $17,046,797.94. The trade was a 15.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cory Onell sold 4,991 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the sale, the insider directly owned 197,463 shares of the company’s stock, valued at approximately $4,806,249.42. This trade represents a 2.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 139,036 shares of company stock valued at $3,446,578 in the last quarter. Company insiders own 0.35% of the company’s stock.

Kraft Heinz Trading Up 1.1%

KHC stock opened at $22.58 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. The company has a market cap of $26.73 billion, a price-to-earnings ratio of -4.57 and a beta of 0.06. The business has a fifty day simple moving average of $23.91 and a 200-day simple moving average of $24.85. Kraft Heinz Company has a 52 week low of $21.99 and a 52 week high of $31.15.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share 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 firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities research analysts expect 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. Stockholders of record on Friday, March 6th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s payout ratio is currently -32.39%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Zacks Research lowered Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. Barclays upped their target price on Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Morgan Stanley reiterated an “underweight” rating and set a $23.00 target price on shares of Kraft Heinz in a research report on Tuesday, February 17th. Sanford C. Bernstein raised their price target on Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a research note on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Kraft Heinz from $26.00 to $23.00 and set a “hold” rating for the company in a 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 six have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $24.78.

Kraft Heinz Profile

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.