Kraft Heinz Company $KHC Shares Sold by Sicart Associates LLC

Sicart Associates LLC cut its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 24.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,645 shares of the company’s stock after selling 36,210 shares during the quarter. Sicart Associates LLC’s holdings in Kraft Heinz were worth $2,466,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KHC. Jessup Wealth Management Inc acquired a new stake in Kraft Heinz during the 4th quarter worth approximately $27,000. Reflection Asset Management purchased a new position in Kraft Heinz in the fourth quarter valued at approximately $28,000. Key Capital Management INC acquired a new position in Kraft Heinz during the fourth quarter valued at approximately $29,000. DV Equities LLC acquired a new position in Kraft Heinz during the fourth quarter valued at approximately $29,000. Finally, New England Capital Financial Advisors LLC grew its stake in Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after buying an additional 511 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 1.1%

Shares of Kraft Heinz stock opened at $23.72 on Friday. The business has a 50-day moving average of $23.14 and a 200-day moving average of $23.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. The company has a market capitalization of $28.13 billion, a PE ratio of -4.88 and a beta of 0.08. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.19.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.

Insider Buying and Selling

In related news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the sale, the insider directly owned 102,667 shares of the company’s stock, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KHC shares. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. Jefferies Financial Group reduced their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, March 30th. UBS Group upped 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 Friday, May 8th. Morgan Stanley set a $22.00 price target on Kraft Heinz in a report on Thursday, April 23rd. Finally, BNP Paribas Exane reduced their price objective on Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $22.75.

Kraft Heinz Company 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.