Sequoia Financial Advisors LLC Grows Position in Kraft Heinz Company $KHC

Sequoia Financial Advisors LLC boosted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 78.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,470 shares of the company’s stock after purchasing an additional 27,013 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kraft Heinz were worth $1,382,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Graney & King LLC boosted its position in shares of Kraft Heinz by 20.5% during the fourth quarter. Graney & King LLC now owns 2,560 shares of the company’s stock valued at $62,000 after buying an additional 435 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of Kraft Heinz by 3.2% in the fourth quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock worth $361,000 after buying an additional 458 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Kraft Heinz by 1.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock worth $718,000 after acquiring an additional 490 shares during the last quarter. New England Capital Financial Advisors LLC lifted its stake in shares of Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after acquiring an additional 511 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its holdings in Kraft Heinz by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock valued at $201,000 after acquiring an additional 515 shares during the period. Institutional investors own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the transaction, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. This represents a 15.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KHC has been the topic of several research analyst reports. Zacks Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. UBS Group upped their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, Piper Sandler lifted their price objective on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $23.12.

Kraft Heinz Trading Up 3.1%

KHC opened at $26.23 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average is $23.87 and its two-hundred day moving average is $23.51. The company has a market capitalization of $31.10 billion, a P/E ratio of -5.40 and a beta of 0.09. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $29.19.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.89 billion. During the same period in the prior year, the business earned $0.62 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts forecast that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.1%. Kraft Heinz’s dividend payout ratio is -32.92%.

Kraft Heinz Company 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.