Royce & Associates LP Has $5.70 Million Stock Position in Kraft Heinz Company $KHC

Royce & Associates LP increased its stake in Kraft Heinz Company (NASDAQ:KHC) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 235,000 shares of the company’s stock after acquiring an additional 25,000 shares during the quarter. Royce & Associates LP’s holdings in Kraft Heinz were worth $5,699,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KHC. Ashton Thomas Private Wealth LLC acquired a new position in shares of Kraft Heinz in the first quarter worth approximately $207,000. Woodline Partners LP lifted its stake in shares of Kraft Heinz by 39.0% in the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after acquiring an additional 20,690 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Kraft Heinz by 16.6% in the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock worth $1,323,000 after acquiring an additional 7,307 shares during the period. The Manufacturers Life Insurance Company lifted its stake 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 worth $13,482,000 after acquiring an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC bought a new stake in Kraft Heinz in the second quarter worth approximately $207,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of research analyst reports. BTIG Research initiated coverage on Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating for the company. Jefferies Financial Group lowered their target price on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, March 30th. UBS Group lifted their target price on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Morgan Stanley set a $22.00 target price on Kraft Heinz in a report on Thursday, April 23rd. Finally, Evercore lowered their target price on Kraft Heinz from $25.00 to $22.00 in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $23.06.

Kraft Heinz Trading Down 1.9%

Shares of KHC stock opened at $24.01 on Friday. The company has a market cap of $28.47 billion, a P/E 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 stock has a 50 day simple moving average of $22.76 and a two-hundred day simple moving average of $23.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Research analysts forecast that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 6.7%. Kraft Heinz’s payout ratio is currently -32.92%.

Insider Activity at Kraft Heinz

In other news, insider Cory Onell sold 4,991 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the completion of the sale, the insider owned 197,463 shares in the company, valued at $4,806,249.42. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Kraft Heinz 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.