Pacer Advisors Inc. Decreases Position in Kraft Heinz Company $KHC

Pacer Advisors Inc. cut its stake in Kraft Heinz Company (NASDAQ:KHC) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,636,858 shares of the company’s stock after selling 58,371 shares during the quarter. Pacer Advisors Inc.’s holdings in Kraft Heinz were worth $209,444,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KHC. Schroder Investment Management Group boosted its stake in shares of Kraft Heinz by 2.4% during the third quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock valued at $84,994,000 after purchasing an additional 77,045 shares during the period. Vanguard Group Inc. raised its stake in Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after buying an additional 616,283 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Kraft Heinz by 37.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock worth $51,717,000 after purchasing an additional 540,532 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of Kraft Heinz by 148.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock valued at $52,595,000 after buying an additional 1,295,688 shares during the last quarter. Finally, Westhampton Capital LLC purchased a new stake in Kraft Heinz during the fourth quarter valued at approximately $1,222,000. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KHC. Morgan Stanley set a $22.00 price target on Kraft Heinz in a research report on Thursday, April 23rd. BTIG Research assumed coverage on Kraft Heinz in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $22.69.

Kraft Heinz Stock Down 1.6%

Kraft Heinz stock opened at $22.82 on Friday. The firm has a 50 day moving average price of $23.11 and a 200 day moving average price of $23.52. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $29.19. 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 company has a market capitalization of $27.06 billion, a PE ratio of -4.70 and a beta of 0.08.

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

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.0%. Kraft Heinz’s dividend payout ratio is currently -32.92%.

About Kraft Heinz

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.