Kraft Heinz Company $KHC Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN reduced its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 6.1% during the 4th quarter, HoldingsChannel reports. The fund owned 371,069 shares of the company’s stock after selling 23,977 shares during the period. OLD National Bancorp IN’s holdings in Kraft Heinz were worth $8,998,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Key Capital Management INC acquired a new position in Kraft Heinz in the 4th quarter worth about $29,000. Rakuten Securities Inc. grew its holdings in Kraft Heinz by 172.4% in the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares during the period. Anfield Capital Management LLC increased its position in shares of Kraft Heinz by 256.7% in the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after buying an additional 914 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Kraft Heinz in the third quarter valued at approximately $38,000. Finally, Brown Shipley& Co Ltd acquired a new position in shares of Kraft Heinz during the 4th quarter worth approximately $40,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kraft Heinz 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 transaction, the insider directly owned 197,463 shares of the company’s stock, valued at $4,806,249.42. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Up 0.7%

Shares of KHC opened at $22.05 on Thursday. The stock has a 50 day moving average price of $23.12 and a 200 day moving average price of $24.00. Kraft Heinz Company has a one year low of $21.03 and a one year high of $30.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15. The stock has a market capitalization of $26.15 billion, a price-to-earnings ratio of -4.46 and a beta of 0.07.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts forecast that Kraft Heinz Company will post 2.03 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend was Friday, March 6th. Kraft Heinz’s dividend payout ratio is currently -32.39%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Evercore decreased their target price on Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Barclays increased their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. Piper Sandler dropped their target price on shares of Kraft Heinz from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $23.53.

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.