Flputnam Investment Management Co. Sells 21,031 Shares of Kraft Heinz Company $KHC

by · The Cerbat Gem

Flputnam Investment Management Co. lessened its stake in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) by 36.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,031 shares of the company’s stock after selling 21,031 shares during the period. Flputnam Investment Management Co.’s holdings in Kraft Heinz were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. V Square Quantitative Management LLC boosted its holdings in shares of Kraft Heinz by 3.2% during the 4th quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock valued at $361,000 after purchasing an additional 458 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Kraft Heinz by 13.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock valued at $101,000 after purchasing an additional 460 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Kraft Heinz by 1.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock valued at $718,000 after purchasing an additional 490 shares during the last quarter. New England Capital Financial Advisors LLC boosted its holdings in shares of Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after purchasing an additional 511 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in shares of Kraft Heinz by 4.4% during the 4th quarter. Personal CFO Solutions LLC now owns 13,237 shares of the company’s stock valued at $321,000 after purchasing an additional 561 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Up 0.4%

Shares of NASDAQ:KHC opened at $24.47 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The company has a 50-day moving average price of $22.72 and a 200 day moving average price of $23.69. The company has a market cap of $29.02 billion, a price-to-earnings ratio of -5.03 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. During the same quarter last year, the firm earned $0.62 EPS. The firm’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. As a group, equities research analysts predict that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.5%. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.92%.

Wall Street Analyst Weigh In

Several research firms have commented on KHC. Jefferies Financial Group dropped their price objective on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, March 30th. BTIG Research began coverage on shares of Kraft Heinz in a report on Monday, April 13th. They set a “neutral” rating for the company. Wall Street Zen raised shares of Kraft Heinz from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Mizuho dropped their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $23.06.

Get Our Latest Stock Report on KHC

Insider Activity at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $24.61, for a total value of $222,597.45. Following the completion of the transaction, the insider 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Kraft Heinz Profile

(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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