ORG Partners LLC Raises Stock Holdings in Kraft Heinz Company $KHC

ORG Partners LLC raised its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 4,688.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,049 shares of the company’s stock after purchasing an additional 25,505 shares during the quarter. ORG Partners LLC’s holdings in Kraft Heinz were worth $678,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Kraft Heinz by 0.4% during the second quarter. Vanguard Group Inc. now owns 102,435,702 shares of the company’s stock worth $2,644,890,000 after purchasing an additional 454,868 shares during the period. State Street Corp raised its position in Kraft Heinz by 1.0% during the 2nd quarter. State Street Corp now owns 46,376,394 shares of the company’s stock worth $1,197,438,000 after buying an additional 462,963 shares during the last quarter. Geode Capital Management LLC lifted its stake in Kraft Heinz by 14.7% during the 2nd quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock valued at $681,663,000 after acquiring an additional 3,392,470 shares during the period. Invesco Ltd. boosted its holdings in shares of Kraft Heinz by 7.1% in the 2nd quarter. Invesco Ltd. now owns 17,584,674 shares of the company’s stock valued at $454,036,000 after acquiring an additional 1,171,262 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Kraft Heinz in the second quarter worth $276,159,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Down 0.0%

Kraft Heinz stock opened at $23.42 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.73. The stock has a market capitalization of $27.72 billion, a PE ratio of -6.28 and a beta of 0.09. The business has a 50 day simple moving average of $24.48 and a 200-day simple moving average of $25.90. Kraft Heinz Company has a 12 month low of $22.91 and a 12 month high of $33.35.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Friday, July 8th. The company reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $6.39 billion for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. Kraft Heinz has set its FY 2025 guidance at 2.500-2.57 EPS. On average, analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, November 28th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.8%. Kraft Heinz’s payout ratio is currently -42.90%.

Wall Street Analyst Weigh In

Several research firms have commented on KHC. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. The Goldman Sachs Group lowered their target price on Kraft Heinz from $30.00 to $27.00 in a research note on Thursday, October 30th. JPMorgan Chase & Co. reduced their price target on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Morgan Stanley decreased their price target on Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Finally, Mizuho dropped their price objective on shares of Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $26.63.

Insider Buying and Selling at Kraft Heinz

In related news, insider Miguel Patricio sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total value of $3,102,500.00. Following the transaction, the insider directly owned 686,817 shares of the company’s stock, valued at approximately $17,046,797.94. This trade represents a 15.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.35% of the stock is currently owned by company insiders.

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.