Royce & Associates LP Has $5.70 Million Stake in Kraft Heinz Company $KHC

Royce & Associates LP increased its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 11.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 235,000 shares of the company’s stock after acquiring an additional 25,000 shares during the quarter. Royce & Associates LP’s holdings in Kraft Heinz were worth $5,699,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of KHC. Life Cycle Investment Partners Ltd bought a new stake in Kraft Heinz during the fourth quarter worth $34,451,000. SG Americas Securities LLC grew its holdings in Kraft Heinz by 2,264.5% during the fourth quarter. SG Americas Securities LLC now owns 1,458,451 shares of the company’s stock worth $35,367,000 after buying an additional 1,396,770 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Kraft Heinz by 112.2% during the third quarter. Ameriprise Financial Inc. now owns 2,491,597 shares of the company’s stock worth $64,872,000 after buying an additional 1,317,201 shares in the last quarter. Swiss Life Asset Management Ltd grew its holdings in Kraft Heinz by 148.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after buying an additional 1,295,688 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Kraft Heinz by 77.5% during the third quarter. Victory Capital Management Inc. now owns 2,826,152 shares of the company’s stock worth $73,593,000 after buying an additional 1,234,078 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Down 1.9%

Shares of NASDAQ:KHC opened at $24.01 on Friday. The company has a market capitalization of $28.47 billion, a PE ratio of -4.94 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. The business has a fifty day moving average price of $22.76 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.

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. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts forecast that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 6.7%. Kraft Heinz’s dividend payout ratio is presently -32.92%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KHC. Deutsche Bank Aktiengesellschaft upped their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Wall Street Zen upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Wells Fargo & Company reduced their price objective on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Finally, Morgan Stanley set a $22.00 price objective on Kraft Heinz in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $23.06.

Insider Buying and Selling at Kraft Heinz

In other 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 owned 202,454 shares in the company, valued at approximately $4,982,392.94. This represents a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

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.