P Schoenfeld Asset Management LP Has $3.46 Million Stock Holdings in Kraft Heinz Company $KHC

P Schoenfeld Asset Management LP decreased its stake in Kraft Heinz Company (NASDAQ:KHC) by 45.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,500 shares of the company’s stock after selling 120,500 shares during the quarter. Kraft Heinz makes up about 1.2% of P Schoenfeld Asset Management LP’s holdings, making the stock its 19th biggest position. P Schoenfeld Asset Management LP’s holdings in Kraft Heinz were worth $3,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after acquiring an additional 616,283 shares during the last quarter. Invesco Ltd. boosted its position in Kraft Heinz by 1.5% during the third quarter. Invesco Ltd. now owns 17,855,352 shares of the company’s stock valued at $464,953,000 after purchasing an additional 270,678 shares during the last quarter. Nordea Investment Management AB grew its stake in Kraft Heinz by 0.8% in the fourth quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock valued at $336,134,000 after purchasing an additional 106,970 shares in the last quarter. Norges Bank acquired a new position in Kraft Heinz in the 4th quarter worth about $332,382,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Kraft Heinz by 3.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,893,686 shares of the company’s stock worth $239,922,000 after purchasing an additional 341,197 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. BNP Paribas Exane reduced their price target on Kraft Heinz from $18.00 to $17.00 in a report on Thursday, May 7th. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Wells Fargo & Company cut their price objective 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. Wall Street Zen downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Sunday, May 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Reduce” and a consensus price target of $22.69.

Kraft Heinz Price Performance

KHC opened at $24.39 on Monday. The firm has a market cap of $28.92 billion, a P/E ratio of -5.02 and a beta of 0.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The business has a 50 day moving average price of $23.08 and a 200 day moving average price of $23.58. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate 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 quarter last year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Research analysts forecast that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.6%. Kraft Heinz’s dividend payout ratio (DPR) is presently -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.