Legal & General Group Plc Increases Position in Kraft Heinz Company $KHC

Legal & General Group Plc boosted its position in Kraft Heinz Company (NASDAQ:KHC) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,516,488 shares of the company’s stock after acquiring an additional 41,380 shares during the quarter. Legal & General Group Plc’s holdings in Kraft Heinz were worth $169,689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KHC. Rakuten Securities Inc. lifted its stake in Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares during the last quarter. Cape Investment Advisory Inc. increased its position in shares of Kraft Heinz by 164.7% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after purchasing an additional 807 shares during the last quarter. Anfield Capital Management LLC raised its holdings in shares of 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 buying an additional 914 shares in the last quarter. Sentry Investment Management LLC purchased a new position in shares of Kraft Heinz during the 3rd quarter valued at about $38,000. Finally, Albion Financial Group UT bought a new stake in Kraft Heinz in the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insiders Place Their Bets

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of the business’s 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 transaction, the insider directly owned 686,817 shares of the company’s stock, valued at approximately $17,046,797.94. The trade was a 15.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cory Onell sold 4,991 shares of the company’s stock in a transaction 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 transaction, the insider owned 197,463 shares of the company’s stock, valued at $4,806,249.42. This trade represents a 2.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 139,036 shares of company stock valued at $3,446,578 in the last ninety days. 0.35% of the stock is currently owned by insiders.

Kraft Heinz Stock Down 3.5%

Shares of NASDAQ:KHC opened at $22.33 on Friday. The stock’s 50-day moving average is $23.94 and its 200 day moving average is $24.88. The company has a market cap of $26.43 billion, a PE ratio of -4.52 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 1 year low of $21.99 and a 1 year high of $31.15.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data 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. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The business’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Friday, March 6th. Kraft Heinz’s dividend payout ratio is currently -32.39%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KHC. Evercore cut their target price on Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. JPMorgan Chase & Co. downgraded shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $24.00 to $22.00 in a research note on Thursday, February 12th. UBS Group boosted their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group set a $23.00 target price on shares of Kraft Heinz in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, Kraft Heinz currently has a consensus rating of “Reduce” and an average target price of $24.78.

About Kraft Heinz

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.