Natixis Advisors LLC Increases Stock Holdings in Kraft Heinz Company $KHC

Natixis Advisors LLC grew its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 15.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 736,833 shares of the company’s stock after purchasing an additional 97,935 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of Kraft Heinz worth $19,187,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in Kraft Heinz during the first quarter valued at approximately $207,000. Woodline Partners LP grew its position in shares of Kraft Heinz by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after acquiring an additional 20,690 shares during the period. Savant Capital LLC increased its stake in shares of Kraft Heinz by 51.5% in the 2nd quarter. Savant Capital LLC now owns 18,006 shares of the company’s stock worth $465,000 after purchasing an additional 6,122 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Kraft Heinz in the 2nd quarter worth $336,000. Finally, Prospera Financial Services Inc raised its holdings in Kraft Heinz by 70.2% in the 2nd quarter. Prospera Financial Services Inc now owns 26,617 shares of the company’s stock worth $688,000 after purchasing an additional 10,977 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TD Cowen reissued a “hold” rating on shares of Kraft Heinz in a report on Thursday, February 12th. JPMorgan Chase & Co. downgraded Kraft Heinz from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $24.00 to $22.00 in a research note on Thursday, February 12th. BNP Paribas Exane decreased their target price on shares of Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating on the stock in a research note on Thursday, February 12th. Zacks Research lowered shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Finally, UBS Group raised their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $24.89.

Insider Buying and Selling

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the completion of the transaction, the insider owned 686,817 shares in the company, valued at $17,046,797.94. This trade represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cory Onell sold 9,045 shares of Kraft Heinz stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the transaction, the insider directly owned 202,454 shares of the company’s stock, valued at $4,982,392.94. The trade was a 4.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 139,036 shares of company stock valued at $3,446,578 over the last quarter. Corporate insiders own 0.35% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $23.14 on Thursday. The firm has a market cap of $27.39 billion, a price-to-earnings ratio of -4.68 and a beta of 0.06. The firm has a fifty day moving average price of $23.98 and a 200 day moving average price of $24.90. Kraft Heinz Company has a fifty-two week low of $21.99 and a fifty-two week high of $31.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The business 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 business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, sell-side analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s dividend payout ratio is -32.39%.

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.