Banque Cantonale Vaudoise Decreases Stock Position in Kraft Heinz Company $KHC

by · The Markets Daily

Banque Cantonale Vaudoise cut its holdings in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) by 52.7% in the 1st quarter, Holdings Channel reports. The fund owned 72,834 shares of the company’s stock after selling 81,216 shares during the period. Banque Cantonale Vaudoise’s holdings in Kraft Heinz were worth $1,638,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KHC. Auto Owners Insurance Co boosted its holdings in Kraft Heinz by 3,034.1% in the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock valued at $39,957,000 after purchasing an additional 15,951,271 shares during the last quarter. Norges Bank acquired a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $332,382,000. Barclays PLC raised its holdings in Kraft Heinz by 77.8% in the fourth quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock valued at $217,599,000 after acquiring an additional 3,926,141 shares in the last quarter. Invesco Ltd. increased its position in shares of Kraft Heinz by 10.5% in the 4th quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock worth $478,347,000 after purchasing an additional 1,870,310 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Kraft Heinz by 127.6% in the 1st quarter. SG Americas Securities LLC now owns 3,319,277 shares of the company’s stock valued at $74,651,000 after purchasing an additional 1,860,826 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the transaction, the insider owned 102,667 shares in the company, valued at $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

Kraft Heinz Price Performance

Shares of KHC opened at $23.72 on Friday. The firm has a market capitalization of $28.13 billion, a price-to-earnings ratio of -4.88 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. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19. The stock’s fifty day moving average is $23.14 and its 200-day moving average is $23.45.

Kraft Heinz (NASDAQ:KHC – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities analysts anticipate that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s dividend payout ratio is currently -32.92%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KHC shares. Piper Sandler increased their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday. Wells Fargo & Company lowered their price objective on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. JPMorgan Chase & Co. reduced their target price on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, March 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. Finally, BNP Paribas Exane lowered their price target on Kraft Heinz from $18.00 to $17.00 in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $22.75.

Get Our Latest Analysis on KHC

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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