Russell Investments Group Ltd. Has $51.72 Million Holdings in Kraft Heinz Company $KHC

Russell Investments Group Ltd. increased its position in Kraft Heinz Company (NASDAQ:KHC) by 37.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,986,084 shares of the company’s stock after purchasing an additional 540,532 shares during the period. Russell Investments Group Ltd. owned about 0.17% of Kraft Heinz worth $51,717,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, insider Miguel Patricio sold 125,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the completion of the sale, the insider owned 686,817 shares in the company, valued at approximately $17,046,797.94. This represents a 15.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cory Onell sold 4,991 shares of the stock in a transaction dated 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 in the company, valued at approximately $4,806,249.42. This represents a 2.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 139,036 shares of company stock valued at $3,446,578 over the last quarter. 0.35% of the stock is currently owned by corporate insiders.

Kraft Heinz Stock Down 3.2%

Shares of Kraft Heinz stock opened at $23.66 on Wednesday. The stock has a 50-day simple moving average of $24.00 and a 200-day simple moving average of $24.91. Kraft Heinz Company has a 52-week low of $21.99 and a 52-week high of $32.25. The firm has a market cap of $28.01 billion, a price-to-earnings ratio of -4.79 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 (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. The firm 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 last year, the firm earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities research analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s payout ratio is presently -32.39%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KHC. Evercore lowered their target price on Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a report on Thursday, January 22nd. Jefferies Financial Group lowered their price objective on shares of Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, January 20th. Barclays upped their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Finally, Piper Sandler decreased their target price on shares of Kraft Heinz from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. One research 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 company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target 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.