Kraft Heinz Company $KHC Position Trimmed by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in Kraft Heinz Company (NASDAQ:KHC) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,310,371 shares of the company’s stock after selling 25,354 shares during the quarter. California State Teachers Retirement System owned 0.11% of Kraft Heinz worth $29,470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KHC. Infrastructure Capital Advisors LLC boosted its stake in shares of Kraft Heinz by 23.6% during the 1st quarter. Infrastructure Capital Advisors LLC now owns 56,230 shares of the company’s stock worth $1,265,000 after acquiring an additional 10,738 shares in the last quarter. Measured Risk Portfolios Inc. grew its holdings in shares of Kraft Heinz by 32.1% in the 1st quarter. Measured Risk Portfolios Inc. now owns 95,855 shares of the company’s stock worth $2,156,000 after acquiring an additional 23,306 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Kraft Heinz by 158.1% during the first quarter. Quantinno Capital Management LP now owns 2,106,122 shares of the company’s stock worth $47,367,000 after purchasing an additional 1,290,106 shares during the period. OMERS ADMINISTRATION Corp raised its position in shares of Kraft Heinz by 29.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 40,262 shares of the company’s stock worth $905,000 after purchasing an additional 9,246 shares during the period. Finally, Lombard Odier Asset Management Switzerland SA boosted its position in shares of Kraft Heinz by 37.5% in the 1st quarter. Lombard Odier Asset Management Switzerland SA now owns 276,176 shares of the company’s stock valued at $6,211,000 after purchasing an additional 75,300 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. This trade represents a 15.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by insiders.

Kraft Heinz Trading Down 2.0%

NASDAQ:KHC opened at $25.85 on Friday. The stock has a market cap of $30.65 billion, a PE ratio of -5.32 and a beta of 0.09. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $28.10. 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 stock’s 50-day moving average is $24.48 and its two-hundred day moving average is $23.69.

Kraft Heinz (NASDAQ:KHC) last posted 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. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities research analysts forecast that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.2%. Kraft Heinz’s dividend payout ratio is presently -32.92%.

Analyst Ratings Changes

KHC has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price objective on Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Piper Sandler upped their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a research note on Thursday, April 23rd. BNP Paribas Exane lifted their price objective on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $23.19.

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.