Miller Global Investments LLC Takes $738,000 Position in Kraft Heinz Company $KHC

Miller Global Investments LLC acquired a new position in Kraft Heinz Company (NASDAQ:KHCFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,414 shares of the company’s stock, valued at approximately $738,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Triumph Capital Management acquired a new stake in Kraft Heinz in the 3rd quarter valued at approximately $118,000. AIA Group Ltd lifted its stake in Kraft Heinz by 103.6% during the third quarter. AIA Group Ltd now owns 364,114 shares of the company’s stock worth $9,482,000 after purchasing an additional 185,291 shares in the last quarter. Mirabella Financial Services LLP lifted its stake in Kraft Heinz by 161.3% during the third quarter. Mirabella Financial Services LLP now owns 90,255 shares of the company’s stock worth $2,346,000 after purchasing an additional 55,718 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Kraft Heinz by 34.3% during the third quarter. IFP Advisors Inc now owns 8,221 shares of the company’s stock worth $227,000 after buying an additional 2,100 shares during the period. Finally, Investment Research Partners LLC acquired a new stake in shares of Kraft Heinz in the third quarter valued at $935,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a report on Thursday, January 22nd. Zacks Research cut Kraft Heinz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. JPMorgan Chase & Co. downgraded Kraft Heinz from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $24.00 to $22.00 in a research report on Thursday, February 12th. TD Cowen reiterated a “hold” rating on shares of Kraft Heinz in a research note on Thursday, February 12th. Finally, UBS Group increased their price target 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 equities 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 stock. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and an average target price of $24.78.

Check Out Our Latest Report on KHC

Kraft Heinz Stock Performance

Shares of KHC stock opened at $21.76 on Friday. The company has a market cap of $25.76 billion, a P/E ratio of -4.40 and a beta of 0.06. The firm has a fifty day moving average price of $23.82 and a 200 day moving average price of $24.69. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12 month low of $21.72 and a 12 month high of $31.15.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating 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%.Kraft Heinz’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is -32.39%.

Insiders Place Their Bets

In related news, insider Cory Onell sold 4,991 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the completion of the sale, the insider owned 197,463 shares in the company, valued at $4,806,249.42. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by insiders.

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About Kraft Heinz

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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