Geode Capital Management LLC Increases Stock Holdings in Kraft Heinz Company $KHC

Geode Capital Management LLC lifted its position in Kraft Heinz Company (NASDAQ:KHC) by 0.2% in the fourth quarter, HoldingsChannel reports. The firm owned 27,435,755 shares of the company’s stock after buying an additional 65,538 shares during the period. Geode Capital Management LLC’s holdings in Kraft Heinz were worth $664,424,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KHC. Key Capital Management INC purchased a new position in Kraft Heinz during the fourth quarter worth about $29,000. New England Capital Financial Advisors LLC boosted its stake in Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after buying an additional 511 shares during the period. Rakuten Securities Inc. boosted its stake in Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after buying an additional 788 shares during the period. Anfield Capital Management LLC boosted its stake in Kraft Heinz by 256.7% during the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after buying an additional 914 shares during the period. Finally, Sentry Investment Management LLC purchased a new position in Kraft Heinz during the third quarter worth about $38,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on KHC. UBS Group increased their target price on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Zacks Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Sanford C. Bernstein increased their target price on shares of Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a research note on Thursday, February 12th. BTIG Research began coverage on shares of Kraft Heinz in a research note on Monday, April 13th. They set a “neutral” rating for the company. Finally, Evercore lowered their target price on shares of Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $23.06.

Insiders Place Their Bets

In related news, insider Cory Onell sold 4,991 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total value 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by company insiders.

Kraft Heinz Stock Down 1.9%

Shares of NASDAQ:KHC opened at $24.01 on Friday. The firm’s 50 day moving average price is $22.76 and its 200 day moving average price is $23.69. The stock has a market cap of $28.47 billion, a price-to-earnings ratio of -4.94 and a beta of 0.06. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $29.19. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. The firm had revenue of $6.05 billion for 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 earned $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities research analysts predict that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

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