Luxor Capital Group LP Buys Shares of 598,100 Kraft Heinz Company $KHC

Luxor Capital Group LP acquired a new stake in Kraft Heinz Company (NASDAQ:KHC) in the third quarter, HoldingsChannel reports. The firm acquired 598,100 shares of the company’s stock, valued at approximately $15,575,000. Kraft Heinz makes up about 0.7% of Luxor Capital Group LP’s holdings, making the stock its 17th largest holding.

Several other large investors have also bought and sold shares of KHC. Vanguard Group Inc. raised its position in shares of Kraft Heinz by 0.4% during the second quarter. Vanguard Group Inc. now owns 102,435,702 shares of the company’s stock worth $2,644,890,000 after acquiring an additional 454,868 shares during the last quarter. State Street Corp lifted its position in shares of Kraft Heinz by 1.0% during the 2nd quarter. State Street Corp now owns 46,376,394 shares of the company’s stock valued at $1,197,438,000 after acquiring an additional 462,963 shares during the period. Invesco Ltd. boosted its position in shares of Kraft Heinz by 1.5% during the 3rd quarter. Invesco Ltd. now owns 17,855,352 shares of the company’s stock worth $464,953,000 after purchasing an additional 270,678 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Kraft Heinz by 75.1% in the third quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock worth $351,263,000 after acquiring an additional 5,873,967 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Kraft Heinz in the 2nd quarter worth $276,159,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Up 0.6%

Shares of NASDAQ:KHC opened at $22.71 on Tuesday. Kraft Heinz Company has a 1 year low of $21.99 and a 1 year high of $31.15. The company has a market capitalization of $26.88 billion, a PE ratio of -4.60 and a beta of 0.06. The business has a fifty day moving average price of $23.89 and a two-hundred day moving average price of $24.77. 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 released its earnings results on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $6.35 billion for 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 for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Friday, March 6th. Kraft Heinz’s payout ratio is presently -32.39%.

Analyst Ratings Changes

Several brokerages recently weighed in on KHC. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Kraft Heinz from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, February 12th. Jefferies Financial Group dropped their price objective on Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Sanford C. Bernstein upped their target price on shares of Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a research note on Thursday, February 12th. Wells Fargo & Company dropped their price target on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. Finally, UBS Group upped their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. One investment 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 stock. Based on data from MarketBeat.com, Kraft Heinz has a consensus rating of “Reduce” and a consensus price target of $24.78.

Insider Buying and Selling

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the 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 approximately $4,982,392.94. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 represents a 15.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 139,036 shares of company stock valued at $3,446,578 over the last three months. 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.