Kraft Heinz Company $KHC Shares Acquired by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. increased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 82.0% during the third quarter, HoldingsChannel.com reports. The fund owned 94,149 shares of the company’s stock after buying an additional 42,430 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Kraft Heinz were worth $2,139,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KHC. Waverly Advisors LLC increased its holdings in shares of Kraft Heinz by 3.9% during the 2nd quarter. Waverly Advisors LLC now owns 11,438 shares of the company’s stock worth $270,000 after buying an additional 433 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Kraft Heinz by 19.6% in the second quarter. Parkside Financial Bank & Trust now owns 3,097 shares of the company’s stock valued at $73,000 after acquiring an additional 508 shares during the last quarter. Triumph Capital Management grew its position in Kraft Heinz by 14.4% in the second quarter. Triumph Capital Management now owns 4,042 shares of the company’s stock worth $95,000 after acquiring an additional 509 shares during the period. Van Hulzen Asset Management LLC increased its stake in Kraft Heinz by 5.6% during the second quarter. Van Hulzen Asset Management LLC now owns 10,029 shares of the company’s stock worth $237,000 after acquiring an additional 529 shares during the last quarter. Finally, Cohen Investment Advisors LLC raised its position in Kraft Heinz by 4.6% in the first quarter. Cohen Investment Advisors LLC now owns 13,522 shares of the company’s stock valued at $304,000 after purchasing an additional 592 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Weiss Ratings lowered Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Evercore set a $24.00 price objective on Kraft Heinz in a report on Thursday, August 6th. TD Cowen restated a “hold” rating and set a $22.00 target price on shares of Kraft Heinz in a report on Tuesday, September 22nd. Finally, BNP Paribas Exane boosted their price target on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $23.75.

Kraft Heinz Stock Up 1.5%

Shares of KHC stock traded up $0.34 during trading hours on Thursday, reaching $22.32. 12,540,422 shares of the stock were exchanged, compared to its average volume of 15,926,678. The business’s fifty day moving average is $24.67 and its two-hundred day moving average is $23.95. The firm has a market capitalization of $26.46 billion, a P/E ratio of -7.82, a P/E/G ratio of 2.99 and a beta of 0.12. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, research analysts expect that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Friday, September 4th. Kraft Heinz’s dividend payout ratio is -55.94%.

Kraft Heinz Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets packaged foods and beverages for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and other grocery items.

The company’s brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, Jell-O, Ore-Ida, Classico, Grey Poupon and Planters.