Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in Kraft Heinz Company $KHC

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, HoldingsChannel reports. The firm acquired 23,929 shares of the company’s stock, valued at approximately $580,000.

Several other hedge funds have also added to or reduced their stakes in KHC. Savoir Faire Capital Management L.P. acquired a new position in shares of Kraft Heinz during the third quarter worth $12,923,000. Schroder Investment Management Group grew its stake in shares of Kraft Heinz by 2.4% in the third quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock worth $84,994,000 after purchasing an additional 77,045 shares during the last quarter. Vanguard Group Inc. increased its holdings in Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after purchasing an additional 616,283 shares during the period. Russell Investments Group Ltd. raised its position in Kraft Heinz by 37.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock worth $51,717,000 after purchasing an additional 540,532 shares during the last quarter. Finally, ABN AMRO Bank N.V. raised its position in Kraft Heinz by 5,045.7% during the 3rd quarter. ABN AMRO Bank N.V. now owns 411,652 shares of the company’s stock worth $10,634,000 after purchasing an additional 403,652 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KHC has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on 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. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. Morgan Stanley set a $22.00 price objective on Kraft Heinz in a research note on Thursday, April 23rd. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Sanford C. Bernstein increased their target price on shares of Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $23.06.

Insider Activity

In other news, insider Cory Onell sold 9,045 shares of the firm’s stock in a transaction that occurred on 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 owned 202,454 shares of the company’s stock, valued at $4,982,392.94. This trade represents a 4.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.24% of the company’s stock.

Key Kraft Heinz News

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Kraft Heinz advanced its balance-sheet management by launching new euro notes and moving ahead with a cash tender offer for up to $1.1 billion of outstanding notes, which could help lower financing costs and extend debt maturity. Kraft Heinz Launches New Euro Notes, Refinances Debt
• Positive Sentiment: The company said it received strong early tender participation and satisfied the financing condition for the buyback, signaling solid demand and a smooth path to completing the transaction. Kraft Heinz Announces Early Tender Participation Results, Satisfaction of the Financing Condition, and Election of Early Settlement
• Positive Sentiment: Kraft Heinz also launched new and reformulated products, including Jell-O without artificial dyes and a lactose-free Kraft Natural Cheese line, which may help revive sales by appealing to health-conscious consumers and new dietary trends. Kraft Heinz launches Jell-O line without artificial dyes
• Neutral Sentiment: Market commentary noted the stock has recently been mixed, with some short-term gains but continued underperformance over longer periods, keeping sentiment cautious even as the shares have edged higher. Kraft Heinz Co. stock rises Wednesday, still underperforms market

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $23.54 on Friday. The business has a 50-day moving average price of $22.59 and a two-hundred day moving average price of $23.69. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.19. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The company has a market cap of $27.91 billion, a P/E ratio of -4.84 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. During the same period in the previous year, the business earned $0.62 EPS. The firm’s revenue was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 6.8%. Kraft Heinz’s payout ratio is -32.92%.

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.