Sigma Planning Corp Purchases 42,411 Shares of Kraft Heinz Company $KHC

Sigma Planning Corp raised its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 45.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135,452 shares of the company’s stock after purchasing an additional 42,411 shares during the period. Sigma Planning Corp’s holdings in Kraft Heinz were worth $3,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jessup Wealth Management Inc bought a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $27,000. Reflection Asset Management acquired a new stake in Kraft Heinz during the 4th quarter worth $28,000. Key Capital Management INC acquired a new stake in Kraft Heinz during the 4th quarter worth $29,000. DV Equities LLC bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $29,000. Finally, New England Capital Financial Advisors LLC raised its position in shares of Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after acquiring an additional 511 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of analyst reports. Piper Sandler lifted their price objective on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Zacks Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. TD Cowen reduced their target price on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Morgan Stanley set a $22.00 target price on Kraft Heinz in a research report on Thursday, April 23rd. Finally, Sanford C. Bernstein downgraded shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their price target for the company from $25.00 to $21.00 in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Kraft Heinz currently has a consensus rating of “Reduce” and an average target price of $23.12.

Kraft Heinz Trading Up 3.1%

NASDAQ KHC opened at $26.23 on Friday. Kraft Heinz Company has a one year low of $21.03 and a one year 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 firm has a market cap of $31.10 billion, a P/E ratio of -5.40 and a beta of 0.09. The stock’s 50-day moving average is $23.87 and its 200-day moving average is $23.51.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders 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 annualized dividend and a dividend yield of 6.1%. Kraft Heinz’s dividend payout ratio is currently -32.92%.

Insider Activity at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the firm’s 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 sale, the insider directly 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 legal filing with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by insiders.

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.