Kraft Heinz Company $KHC Shares Bought by Candriam S.C.A.

Candriam S.C.A. increased its holdings in Kraft Heinz Company (NASDAQ:KHC) by 45.8% during the first quarter, HoldingsChannel.com reports. The fund owned 155,525 shares of the company’s stock after buying an additional 48,857 shares during the period. Candriam S.C.A.’s holdings in Kraft Heinz were worth $3,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Kraft Heinz in the 1st quarter worth approximately $207,000. Woodline Partners LP increased its position in Kraft Heinz by 39.0% during the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after buying an additional 20,690 shares in the last quarter. NewEdge Advisors LLC increased its position in Kraft Heinz by 16.6% during the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock worth $1,323,000 after buying an additional 7,307 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Kraft Heinz by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock valued at $13,482,000 after acquiring an additional 4,003 shares in the last quarter. Finally, HUB Investment Partners LLC acquired a new stake in shares of Kraft Heinz during the second quarter valued at $207,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Up 1.5%

Shares of Kraft Heinz stock opened at $25.23 on Tuesday. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19. The stock has a market cap of $29.92 billion, a price-to-earnings ratio of -5.19 and a beta of 0.09. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of $23.72 and a 200 day moving average price of $23.48.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. During the same quarter last year, the company earned $0.62 earnings per share. Kraft Heinz’s revenue for the quarter was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts forecast that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Friday, June 5th. Kraft Heinz’s dividend payout ratio is -32.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KHC shares. TD Cowen decreased their price target on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Jefferies Financial Group decreased their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft raised their price objective on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Finally, Morgan Stanley set a $22.00 target price on Kraft Heinz in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $23.00.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was 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 $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.24% of the company’s stock.

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.