Leonteq Securities AG Purchases New Position in Kraft Heinz Company $KHC

Leonteq Securities AG purchased a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 231,630 shares of the company’s stock, valued at approximately $5,617,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its position in shares of Kraft Heinz by 15.5% during the third quarter. Parkside Financial Bank & Trust now owns 3,219 shares of the company’s stock valued at $84,000 after buying an additional 431 shares during the period. V Square Quantitative Management LLC increased its position in shares of Kraft Heinz by 3.2% during the fourth quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock valued at $361,000 after buying an additional 458 shares during the period. Hantz Financial Services Inc. increased its position in shares of Kraft Heinz by 13.4% during the third quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock valued at $101,000 after buying an additional 460 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Kraft Heinz by 1.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock valued at $718,000 after buying an additional 490 shares during the period. Finally, Barrett & Company Inc. grew its holdings in Kraft Heinz by 22.7% in the third quarter. Barrett & Company Inc. now owns 2,700 shares of the company’s stock worth $70,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KHC shares. The Goldman Sachs Group set a $23.00 price objective on shares of Kraft Heinz in a report on Thursday, February 12th. Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. JPMorgan Chase & Co. cut their price objective on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, March 25th. Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, BTIG Research started coverage on shares of Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and a consensus price target of $23.06.

Insider Activity

In other news, insider Cory Onell sold 9,045 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 202,454 shares in the company, valued at approximately $4,982,392.94. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.24% of the company’s stock.

Kraft Heinz Trading Up 1.1%

Shares of NASDAQ KHC opened at $23.53 on Thursday. The firm’s 50 day moving average price is $22.59 and its 200-day moving average price is $23.70. The company has a market cap of $27.90 billion, a PE ratio of -4.84 and a beta of 0.06. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $29.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. 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 2.06 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio is currently -32.92%.

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.