WBI Investments LLC Increases Stake in Kraft Heinz Company $KHC

WBI Investments LLC increased its stake in Kraft Heinz Company (NASDAQ:KHC) by 156.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,868 shares of the company’s stock after purchasing an additional 57,306 shares during the period. WBI Investments LLC’s holdings in Kraft Heinz were worth $2,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Kraft Heinz during the first quarter valued at $207,000. Woodline Partners LP raised its stake in Kraft Heinz by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after acquiring an additional 20,690 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in Kraft Heinz by 0.5% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 129,769 shares of the company’s stock worth $3,351,000 after acquiring an additional 685 shares during the period. Foundations Investment Advisors LLC lifted its position in Kraft Heinz by 38.2% during the 2nd quarter. Foundations Investment Advisors LLC now owns 27,618 shares of the company’s stock worth $713,000 after acquiring an additional 7,630 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Kraft Heinz by 6.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 211,897 shares of the company’s stock valued at $5,471,000 after purchasing an additional 12,403 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of the business’s stock in a transaction 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 completion of the transaction, the insider directly owned 202,454 shares in the company, valued at $4,982,392.94. The trade was a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by company insiders.

Kraft Heinz Stock Up 0.8%

Shares of KHC opened at $22.89 on Wednesday. The company has a market capitalization of $27.10 billion, a price-to-earnings ratio of -4.63 and a beta of 0.06. Kraft Heinz Company has a 52 week low of $21.99 and a 52 week high of $31.15. The stock’s 50-day moving average price is $23.87 and its 200-day moving average price is $24.73. 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 (NASDAQ:KHC) last announced 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. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period last year, the business earned $0.84 earnings per share. Kraft Heinz’s quarterly 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. On average, sell-side analysts predict that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s payout ratio is -32.39%.

Analysts Set New Price Targets

KHC has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Kraft Heinz from $26.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, February 12th. Evercore dropped their target price on Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. Barclays increased their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. UBS Group lifted their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Finally, Zacks Research downgraded shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. One 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $24.78.

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.