Generali Asset Management SPA SGR Boosts Stake in Kraft Heinz Company $KHC

Generali Asset Management SPA SGR boosted its position in Kraft Heinz Company (NASDAQ:KHC) by 40.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,991 shares of the company’s stock after purchasing an additional 32,731 shares during the period. Generali Asset Management SPA SGR’s holdings in Kraft Heinz were worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. MGO One Seven LLC bought a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $216,000. Crestwood Advisors Group LLC purchased a new position in Kraft Heinz during the 4th quarter valued at $213,000. Gateway Investment Advisers LLC grew its position in Kraft Heinz by 697.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 409,854 shares of the company’s stock valued at $9,939,000 after acquiring an additional 358,482 shares during the last quarter. Manske Wealth Management grew its position in Kraft Heinz by 7.0% in the 4th quarter. Manske Wealth Management now owns 47,353 shares of the company’s stock valued at $1,148,000 after acquiring an additional 3,081 shares during the last quarter. Finally, Navellier & Associates Inc. purchased a new stake in Kraft Heinz in the fourth quarter worth $453,000. Institutional investors own 78.17% of the company’s stock.

Insiders Place Their Bets

In related news, insider Cory Onell sold 4,991 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the sale, the insider owned 197,463 shares of the company’s stock, valued at $4,806,249.42. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by insiders.

Key Headlines Impacting Kraft Heinz

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Kraft Heinz reported better-than-expected Q1 sales and analysts have been raising attention around the improving turnaround story, suggesting early traction in its core brands. Article Title
• Positive Sentiment: The company is boosting marketing spending, launching new products like upgraded Kraft Mac & Cheese and Ore-Ida Tater Tots, and signing a five-year NFL sponsorship deal, all of which could help brand visibility and sales. Article Title
• Positive Sentiment: Kraft Heinz launched a $1.1 billion debt tender offer, a move that may improve balance-sheet flexibility and support the company’s broader restructuring efforts. Article Title
• Neutral Sentiment: Management is talking more openly about inflation pressure and lower-income consumers running out of room on spending, which explains why Kraft Heinz is leaning hard into value pricing. Article Title
• Negative Sentiment: BNP Paribas Exane lowered its price target on Kraft Heinz, which could temper enthusiasm despite the recent operational improvements. Article Title

Analyst Ratings Changes

KHC has been the subject of several research analyst reports. Piper Sandler decreased their target price on Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday. The Goldman Sachs Group set a $23.00 price target on shares of Kraft Heinz in a research note on Thursday, February 12th. Evercore lowered their price objective on shares of Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 25th. 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 company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $23.06.

Kraft Heinz Price Performance

NASDAQ KHC opened at $23.93 on Friday. The company has a market cap of $28.37 billion, a PE ratio of -4.92 and a beta of 0.06. The firm’s 50 day moving average price is $22.78 and its 200-day moving average price is $23.82. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.20. 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 quarterly earnings data on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $6.05 billion during 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%. Kraft Heinz’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. Kraft Heinz’s dividend payout ratio (DPR) is presently -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.