OLD National Bancorp IN Sells 23,977 Shares of Kraft Heinz Company $KHC

OLD National Bancorp IN trimmed its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 371,069 shares of the company’s stock after selling 23,977 shares during the quarter. OLD National Bancorp IN’s holdings in Kraft Heinz were worth $8,998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in Kraft Heinz by 75.1% in the third quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock valued at $351,263,000 after acquiring an additional 5,873,967 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Kraft Heinz by 2,264.5% during the 4th quarter. SG Americas Securities LLC now owns 1,458,451 shares of the company’s stock valued at $35,367,000 after purchasing an additional 1,396,770 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Kraft Heinz by 97.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,826,723 shares of the company’s stock valued at $73,608,000 after purchasing an additional 1,392,904 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Kraft Heinz by 112.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,491,597 shares of the company’s stock worth $64,872,000 after purchasing an additional 1,317,201 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Kraft Heinz by 77.5% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 0.7%

NASDAQ KHC opened at $22.05 on Thursday. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $30.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.79. The company has a market capitalization of $26.15 billion, a PE ratio of -4.46 and a beta of 0.07. The company has a fifty day moving average of $23.12 and a 200 day moving average of $24.00.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Research analysts forecast that Kraft Heinz Company will post 2.03 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 7.3%. The ex-dividend date was Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.39%.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $24.61, for a total value of $222,597.45. Following the sale, 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 document filed with the SEC, which is accessible through this link. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. The Goldman Sachs Group set a $23.00 target price on Kraft Heinz in a research report on Thursday, February 12th. BTIG Research started coverage on Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating for the company. Sanford C. Bernstein upped their price objective on shares of Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 25th. One 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. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $23.53.

Kraft Heinz Profile

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.