Kraft Heinz Company $KHC Stake Lowered by Sicart Associates LLC

Sicart Associates LLC cut its stake in Kraft Heinz Company (NASDAQ:KHC) by 24.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 109,645 shares of the company’s stock after selling 36,210 shares during the period. Sicart Associates LLC’s holdings in Kraft Heinz were worth $2,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Auto Owners Insurance Co raised its stake in Kraft Heinz by 3,034.1% during the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock valued at $39,957,000 after acquiring an additional 15,951,271 shares in the last quarter. Norges Bank bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $332,382,000. Barclays PLC grew its position in Kraft Heinz by 77.8% in the fourth quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock worth $217,599,000 after buying an additional 3,926,141 shares during the last quarter. Invesco Ltd. raised its position in shares of Kraft Heinz by 10.5% during the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock worth $478,347,000 after purchasing an additional 1,870,310 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Kraft Heinz by 127.6% during the 1st quarter. SG Americas Securities LLC now owns 3,319,277 shares of the company’s stock worth $74,651,000 after buying an additional 1,860,826 shares during the period. Institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on KHC. Wall Street Zen cut shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Sunday, May 31st. Sanford C. Bernstein lowered Kraft Heinz from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. BTIG Research started coverage on Kraft Heinz in a research report on Monday, April 13th. They issued a “neutral” rating for the company. UBS Group lifted their price target on Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Zacks Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Kraft Heinz has an average rating of “Reduce” and an average target price of $22.75.

Insider Activity

In other news, insider Diana Frost sold 18,502 shares of the business’s 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 owned 102,667 shares in the company, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Up 1.1%

Shares of KHC stock opened at $23.72 on Friday. The stock’s 50 day simple moving average is $23.14 and its 200 day simple moving average is $23.45. 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 Company has a twelve month low of $21.03 and a twelve month high of $29.19. The company has a market capitalization of $28.13 billion, a price-to-earnings ratio of -4.88 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data 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. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. During the same period in the prior year, the firm earned $0.62 EPS. Kraft Heinz’s quarterly revenue was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, research analysts predict that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.7%. Kraft Heinz’s payout ratio is -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.