Virtu Financial LLC Increases Stock Position in Kraft Heinz Company $KHC

Virtu Financial LLC boosted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 433.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 245,426 shares of the company’s stock after acquiring an additional 199,460 shares during the period. Virtu Financial LLC’s holdings in Kraft Heinz were worth $5,952,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jessup Wealth Management Inc purchased a new stake in shares of Kraft Heinz during the 4th quarter worth about $27,000. Key Capital Management INC purchased a new position in shares of Kraft Heinz in the 4th quarter valued at about $29,000. DV Equities LLC purchased a new position in shares of Kraft Heinz in the 4th quarter valued at about $29,000. New England Capital Financial Advisors LLC raised 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 purchasing an additional 511 shares during the period. Finally, Rakuten Securities Inc. raised 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 purchasing an additional 788 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. Wall Street Zen downgraded Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. BNP Paribas Exane reduced their target price on Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. Sanford C. Bernstein lowered Kraft Heinz from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $25.00 to $21.00 in a research report on Wednesday, June 3rd. Finally, TD Cowen dropped their price target on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $22.69.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $22.82 on Friday. The stock has a market capitalization of $27.06 billion, a P/E ratio of -4.70 and a beta of 0.08. The business has a 50 day simple moving average of $23.11 and a two-hundred day simple moving average of $23.52. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82.

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, topping analysts’ consensus estimates 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 firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. During the same period in the previous year, the company posted $0.62 earnings per share. The business’s revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts predict that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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 issued a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 7.0%. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.92%.

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.