Kraft Heinz Company $KHC Stock Position Lifted by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in Kraft Heinz Company (NASDAQ:KHC) by 7.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 9,270,503 shares of the company’s stock after purchasing an additional 633,645 shares during the quarter. Pacer Advisors Inc.’s holdings in Kraft Heinz were worth $208,494,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Kraft Heinz during the 1st quarter valued at $27,000. Jessup Wealth Management Inc acquired a new position in shares of Kraft Heinz in the fourth quarter worth $27,000. Reflection Asset Management acquired a new position in shares of Kraft Heinz in the fourth quarter worth $28,000. Key Capital Management INC purchased a new stake in shares of Kraft Heinz during the fourth quarter worth $29,000. Finally, DV Equities LLC purchased a new stake in shares of Kraft Heinz during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of recent research reports. Evercore set a $23.00 target price on Kraft Heinz in a research note on Thursday, July 23rd. BTIG Research assumed coverage on Kraft Heinz in a research note on Monday, April 13th. They set a “neutral” rating for the company. Morgan Stanley set a $22.00 price target on Kraft Heinz in a report on Thursday, April 23rd. Zacks Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company increased 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $23.19.

Insider Buying and Selling

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

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $25.85 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $30.65 billion, a PE ratio of -5.32 and a beta of 0.08. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $28.10. The firm has a fifty day moving average price of $24.48 and a 200 day moving average price of $23.69.

Kraft Heinz (NASDAQ:KHC) last posted 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 for the quarter, compared to analyst estimates of $5.89 billion. During the same period last year, the company earned $0.62 earnings per share. The business’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. Analysts expect that Kraft Heinz Company will post 2.07 EPS 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 dividend of $0.40 per share. The ex-dividend date of this dividend 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%.

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.