Alpine Woods Capital Investors LLC Boosts Stake in Kraft Heinz Company $KHC

Alpine Woods Capital Investors LLC grew its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 248.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,064 shares of the company’s stock after acquiring an additional 91,347 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Kraft Heinz were worth $2,880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KHC. Summitry LLC lifted its stake in shares of Kraft Heinz by 39.1% in the first quarter. Summitry LLC now owns 16,111 shares of the company’s stock worth $362,000 after acquiring an additional 4,532 shares in the last quarter. WNY Asset Management LLC purchased a new position in Kraft Heinz in the first quarter valued at about $203,000. Western Wealth Management LLC acquired a new stake in Kraft Heinz during the 1st quarter valued at approximately $51,000. Janus Henderson Group PLC grew its stake in Kraft Heinz by 60.4% during the 1st quarter. Janus Henderson Group PLC now owns 107,535 shares of the company’s stock valued at $2,418,000 after purchasing an additional 40,473 shares in the last quarter. Finally, South Dakota Investment Council increased its holdings in Kraft Heinz by 2.0% during the 1st quarter. South Dakota Investment Council now owns 341,790 shares of the company’s stock worth $7,687,000 after purchasing an additional 6,600 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the sale, the insider owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $25.85 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $28.10. The firm has a 50-day simple moving average of $24.48 and a 200 day simple moving average of $23.69. The company has a market cap of $30.65 billion, a PE ratio of -5.32 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. Kraft Heinz’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, sell-side analysts anticipate that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Friday, June 5th. Kraft Heinz’s dividend payout ratio is presently -32.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KHC shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Friday, July 17th. Evercore set a $23.00 price target on shares of Kraft Heinz in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. Zacks Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, BTIG Research started coverage on shares of Kraft Heinz in a research note on Monday, April 13th. They set a “neutral” rating on the stock. One 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 data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $23.19.

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.