Commerzbank Aktiengesellschaft FI Sells 56,802 Shares of Kraft Heinz Company $KHC

Commerzbank Aktiengesellschaft FI reduced its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 27.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,058 shares of the company’s stock after selling 56,802 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Kraft Heinz were worth $3,420,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Meeder Advisory Services Inc. raised its holdings in Kraft Heinz by 33.8% in the first quarter. Meeder Advisory Services Inc. now owns 18,792 shares of the company’s stock worth $423,000 after purchasing an additional 4,746 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Kraft Heinz by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,944,618 shares of the company’s stock valued at $178,663,000 after buying an additional 149,034 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Kraft Heinz by 14.2% in the 1st quarter. Parallel Advisors LLC now owns 9,789 shares of the company’s stock worth $220,000 after buying an additional 1,219 shares during the last quarter. KBC Group NV grew its position in shares of Kraft Heinz by 226.3% in the 1st quarter. KBC Group NV now owns 2,990,755 shares of the company’s stock worth $67,262,000 after buying an additional 2,074,270 shares during the last quarter. Finally, Koss Olinger Consulting LLC raised its stake in shares of Kraft Heinz by 31.1% during the 1st quarter. Koss Olinger Consulting LLC now owns 42,754 shares of the company’s stock worth $962,000 after acquiring an additional 10,146 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $25.86 on Tuesday. The firm has a market capitalization of $30.66 billion, a price-to-earnings ratio of -5.32 and a beta of 0.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. The business has a fifty day moving average of $23.96 and a 200 day moving average of $23.53. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year 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 (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, research analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a dividend of $0.40 per share. 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 6.2%. Kraft Heinz’s dividend payout ratio is -32.92%.

Insider Buying and Selling

In related news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the sale, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on KHC shares. BTIG Research began coverage on shares of Kraft Heinz in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Wall Street Zen upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. BNP Paribas Exane raised their price objective on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. TD Cowen dropped their target price on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Finally, UBS Group upped their target price on Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz has a consensus rating of “Reduce” and a consensus price target of $23.12.

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.