Wealth Advisors of Tampa Bay LLC Has $3.38 Million Stock Position in Kraft Heinz Company $KHC

Wealth Advisors of Tampa Bay LLC boosted its stake in Kraft Heinz Company (NASDAQ:KHC) by 32.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,611 shares of the company’s stock after acquiring an additional 31,985 shares during the period. Wealth Advisors of Tampa Bay LLC’s holdings in Kraft Heinz were worth $3,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KHC. Rakuten Securities Inc. lifted its position in shares of Kraft Heinz by 172.4% in the 2nd 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 period. Cape Investment Advisory Inc. boosted its stake 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 purchasing an additional 807 shares during the last quarter. Anfield Capital Management LLC increased its position in shares of Kraft Heinz by 256.7% during the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after buying an additional 914 shares during the period. Sentry Investment Management LLC bought a new position in Kraft Heinz during the third quarter worth $38,000. Finally, Albion Financial Group UT bought a new position in Kraft Heinz during the third quarter worth $43,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Up 1.1%

Shares of Kraft Heinz stock opened at $22.58 on Friday. The stock has a market capitalization of $26.73 billion, a PE ratio of -4.57 and a beta of 0.06. Kraft Heinz Company has a 52 week low of $21.99 and a 52 week high of $31.15. The stock has a 50 day moving average price of $23.91 and a two-hundred day moving average price of $24.85. 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 issued its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. Kraft Heinz’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. As a group, equities analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 7.1%. Kraft Heinz’s dividend payout ratio is presently -32.39%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Jefferies Financial Group cut their price target 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. Zacks Research lowered Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. downgraded Kraft Heinz from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $24.00 to $22.00 in a research note on Thursday, February 12th. TD Cowen restated a “hold” rating on shares of Kraft Heinz in a research report on Thursday, February 12th. Finally, UBS Group raised their target price on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. One research 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. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and an average price target of $24.78.

Insiders Place Their Bets

In other news, insider Cory Onell sold 9,045 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the sale, 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. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 $17,046,797.94. This represents a 15.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 139,036 shares of company stock worth $3,446,578 over the last ninety days. Insiders own 0.35% of the company’s stock.

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.