Kraft Heinz Company $KHC Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC decreased its position in Kraft Heinz Company (NASDAQ:KHCFree Report) by 13.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,800 shares of the company’s stock after selling 65,000 shares during the period. Gabelli Funds LLC’s holdings in Kraft Heinz were worth $10,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in KHC. Rakuten Securities Inc. boosted its position 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 buying an additional 788 shares during the last quarter. Anfield Capital Management LLC lifted its stake in Kraft Heinz by 256.7% during the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after acquiring an additional 914 shares during the period. Cape Investment Advisory Inc. boosted its holdings in shares of Kraft Heinz by 164.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after acquiring an additional 807 shares during the last quarter. Sentry Investment Management LLC purchased a new position in shares of Kraft Heinz during the third quarter worth $38,000. Finally, Albion Financial Group UT purchased a new position in shares of Kraft Heinz during the third quarter worth $43,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the sale, the insider directly owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This trade represents a 15.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cory Onell sold 4,991 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total transaction of $121,480.94. Following the transaction, the insider directly owned 197,463 shares in the company, valued at approximately $4,806,249.42. The trade was a 2.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 139,036 shares of company stock valued at $3,446,578. 0.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KHC. TD Cowen reaffirmed a “hold” rating on shares of Kraft Heinz in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Kraft Heinz from $26.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, February 12th. Zacks Research downgraded shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Sanford C. Bernstein lifted their price target on Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a research note on Thursday, February 12th. Finally, Mizuho cut their price objective on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $24.89.

Get Our Latest Stock Analysis on Kraft Heinz

Key Headlines Impacting Kraft Heinz

Here are the key news stories impacting Kraft Heinz this week:

Kraft Heinz Stock Up 1.3%

NASDAQ KHC opened at $24.54 on Monday. Kraft Heinz Company has a one year low of $21.99 and a one year high of $33.35. 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 business has a fifty day moving average price of $24.02 and a 200 day moving average price of $24.96. The company has a market cap of $29.05 billion, a P/E ratio of -4.97 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same period last year, the firm posted $0.84 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Research analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 6.5%. Kraft Heinz’s payout ratio is -32.39%.

Kraft Heinz Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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