Key Points
- Insider sale: Kraft Heinz insider Diana Frost sold 18,502 shares on June 18 at an average price of $23.05, totaling about $426,471. After the sale, she still held 102,667 shares.
- Recent earnings beat: Kraft Heinz reported quarterly EPS of $0.58, topping estimates of $0.50, and revenue of $6.05 billion versus expectations of $5.89 billion. Revenue rose 0.8% year over year.
- Dividend and analyst outlook: The company declared a quarterly dividend of $0.40 per share, implying a 7.3% yield. Analysts currently have a consensus rating of Reduce with a price target of $22.69.
Kraft Heinz Company (NASDAQ:KHC - Get Free Report) insider Diana Frost sold 18,502 shares of the company's stock in a transaction dated 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 transaction, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Kraft Heinz Stock Performance
Shares of NASDAQ KHC opened at $22.03 on Tuesday. The company has a market cap of $26.12 billion, a PE ratio of -4.53 and a beta of 0.08. 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. The company has a 50-day simple moving average of $23.08 and a 200-day simple moving average of $23.48.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating 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 company's revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities analysts anticipate that Kraft Heinz Company will post 2.07 earnings per share for the current year.
Kraft Heinz Dividend Announcement
The firm also recently declared 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 annualized dividend and a yield of 7.3%. Kraft Heinz's payout ratio is -32.92%.
Hedge Funds Weigh In On Kraft Heinz
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Kraft Heinz by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company's stock valued at $2,496,131,000 after buying an additional 616,283 shares during the period. Invesco Ltd. raised its position in shares of Kraft Heinz by 10.5% in the 4th quarter. Invesco Ltd. now owns 19,725,662 shares of the company's stock worth $478,347,000 after buying an additional 1,870,310 shares during the period. Auto Owners Insurance Co boosted its holdings in Kraft Heinz by 3,034.1% in the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company's stock valued at $39,957,000 after acquiring an additional 15,951,271 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Kraft Heinz by 0.8% in the fourth quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company's stock valued at $336,134,000 after acquiring an additional 106,970 shares during the last quarter. Finally, Norges Bank purchased a new stake in Kraft Heinz during the fourth quarter valued at about $332,382,000. Institutional investors and hedge funds own 78.17% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Mizuho decreased their price objective on Kraft Heinz from $27.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, February 23rd. Wells Fargo & Company dropped their target price 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. Morgan Stanley set a $22.00 target price on Kraft Heinz in a research report on Thursday, April 23rd. BNP Paribas Exane decreased their price target on Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. Finally, Zacks Research upgraded Kraft Heinz from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 21st. One 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 MarketBeat, Kraft Heinz currently has a consensus rating of "Reduce" and a consensus price target of $22.69.
Check Out Our Latest Stock Analysis on KHC
Kraft Heinz Company Profile
(
Get Free Report)
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.
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