Mairs & Power Inc. Has $58.10 Million Stock Position in Kraft Heinz Company $KHC

Mairs & Power Inc. reduced its stake in Kraft Heinz Company (NASDAQ:KHC) by 6.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,231,175 shares of the company’s stock after selling 150,718 shares during the quarter. Mairs & Power Inc.’s holdings in Kraft Heinz were worth $58,100,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KHC. Mirabella Financial Services LLP lifted its position in shares of Kraft Heinz by 161.3% during the 3rd quarter. Mirabella Financial Services LLP now owns 90,255 shares of the company’s stock worth $2,346,000 after buying an additional 55,718 shares during the period. Larson Financial Group LLC grew its position in Kraft Heinz by 170.1% in the third quarter. Larson Financial Group LLC now owns 5,412 shares of the company’s stock valued at $141,000 after acquiring an additional 3,408 shares during the period. Lido Advisors LLC raised its stake in Kraft Heinz by 41.0% during the third quarter. Lido Advisors LLC now owns 33,412 shares of the company’s stock worth $870,000 after acquiring an additional 9,713 shares in the last quarter. Invenomic Capital Management LP bought a new position in shares of Kraft Heinz during the third quarter valued at $12,978,000. Finally, Hillman Capital Management Inc. lifted its holdings in shares of Kraft Heinz by 0.7% during the third quarter. Hillman Capital Management Inc. now owns 211,151 shares of the company’s stock valued at $5,498,000 after acquiring an additional 1,420 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $22.71 on Tuesday. Kraft Heinz Company has a 12-month low of $21.99 and a 12-month high of $31.15. The stock has a 50-day simple moving average of $23.89 and a 200 day simple moving average of $24.77. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $26.88 billion, a price-to-earnings ratio of -4.60 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last announced 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 negative net margin of 23.44% and a positive return on equity of 7.07%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, research analysts anticipate 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. Shareholders of record on Friday, March 6th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 7.0%. Kraft Heinz’s dividend payout ratio is currently -32.39%.

Insiders Place Their Bets

In other news, 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 value of $222,597.45. Following the completion of the sale, the insider directly owned 202,454 shares of the company’s stock, valued at approximately $4,982,392.94. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Miguel Patricio sold 125,000 shares of the business’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 sale, the insider 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 SEC filing for this sale provides additional information. Insiders sold a total of 139,036 shares of company stock worth $3,446,578 over the last quarter. Corporate insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

KHC has been the topic of several analyst reports. Morgan Stanley reaffirmed an “underweight” rating and issued a $23.00 target price on shares of Kraft Heinz in a report on Tuesday, February 17th. Zacks Research lowered shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. TD Cowen reaffirmed a “hold” rating on shares of Kraft Heinz in a research note on Thursday, February 12th. Evercore dropped their price objective on shares of Kraft Heinz from $25.00 to $22.00 in a report on Thursday, February 12th. Finally, Mizuho cut their target price on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Reduce” and an average target price of $24.78.

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.