Cory Onell Sells 4,991 Shares of Kraft Heinz (NASDAQ:KHC) Stock

Kraft Heinz Company (NASDAQ:KHC) insider Cory Onell sold 4,991 shares of the firm’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 sale, the insider directly owned 197,463 shares of the company’s stock, valued at $4,806,249.42. The trade was a 2.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Cory Onell also recently made the following trade(s):

• On Monday, March 2nd, Cory Onell sold 9,045 shares of Kraft Heinz stock. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45.

Kraft Heinz Trading Down 0.7%

NASDAQ KHC opened at $24.04 on Thursday. The company has a market capitalization of $28.46 billion, a price-to-earnings ratio of -4.87 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.79. Kraft Heinz Company has a 12 month low of $21.99 and a 12 month high of $33.35. The company’s fifty day moving average price is $24.00 and its two-hundred day moving average price is $25.02.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.38 billion. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, research analysts predict that Kraft Heinz Company will post 2.68 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, March 27th. Stockholders of record on Friday, March 6th will be given a $0.40 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 6.7%. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.39%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. STF Management LP raised its stake in shares of Kraft Heinz by 2.1% during the second quarter. STF Management LP now owns 18,475 shares of the company’s stock valued at $477,000 after purchasing an additional 374 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Kraft Heinz by 15.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,219 shares of the company’s stock valued at $84,000 after buying an additional 431 shares during the period. Graney & King LLC raised its position in shares of Kraft Heinz by 20.5% during the 4th quarter. Graney & King LLC now owns 2,560 shares of the company’s stock worth $62,000 after buying an additional 435 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Kraft Heinz by 3.2% in the 4th quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock worth $361,000 after acquiring an additional 458 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Kraft Heinz by 13.4% in the third quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock valued at $101,000 after acquiring an additional 460 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Morgan Stanley reiterated an “underweight” rating and set a $23.00 price objective on shares of Kraft Heinz in a research note on Tuesday, February 17th. JPMorgan Chase & Co. downgraded Kraft Heinz from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $24.00 to $22.00 in a research note on Thursday, February 12th. Sanford C. Bernstein upped their target price on Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a report on Thursday, February 12th. Finally, Barclays raised their price target on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $24.89.

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.