Kraft Heinz Company $KHC Position Cut by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC trimmed its holdings in Kraft Heinz Company (NASDAQ:KHC) by 49.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,608 shares of the company’s stock after selling 31,455 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Kraft Heinz were worth $791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Key Capital Management INC bought a new position in Kraft Heinz in the 4th quarter worth approximately $29,000. New England Capital Financial Advisors LLC grew its holdings in Kraft Heinz by 70.2% in the 4th 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 in the last quarter. Rakuten Securities Inc. grew its holdings in Kraft Heinz by 172.4% in the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after buying an additional 788 shares in the last quarter. Anfield Capital Management LLC grew its holdings in Kraft Heinz by 256.7% in the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after buying an additional 914 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in Kraft Heinz in the 3rd quarter worth approximately $38,000. 78.17% of the stock is owned by institutional investors.

Insider Activity at Kraft Heinz

In other news, insider Cory Onell sold 4,991 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the completion of the sale, the insider owned 197,463 shares in the company, valued at approximately $4,806,249.42. This represents a 2.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KHC. JPMorgan Chase & Co. decreased their price objective on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating for the company in a report on Wednesday, March 25th. BTIG Research started coverage on Kraft Heinz in a research note on Monday, April 13th. They set a “neutral” rating for the company. Sanford C. Bernstein increased their price target on Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a research note on Thursday, February 12th. Wells Fargo & Company decreased their price target on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Finally, Wall Street Zen raised Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $23.06.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $24.01 on Friday. The stock has a fifty day moving average price of $22.76 and a two-hundred day moving average price of $23.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The firm has a market cap of $28.47 billion, a P/E ratio of -4.94 and a beta of 0.06. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio is -32.92%.

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.