TD Waterhouse Canada Inc. Sells 42,371 Shares of Kraft Heinz Company $KHC

TD Waterhouse Canada Inc. trimmed its position in Kraft Heinz Company (NASDAQ:KHC) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 160,497 shares of the company’s stock after selling 42,371 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Kraft Heinz were worth $3,890,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Key Capital Management INC bought a new stake in Kraft Heinz in the fourth quarter valued at approximately $29,000. Rakuten Securities Inc. boosted its stake in shares of Kraft Heinz by 172.4% during the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after acquiring an additional 788 shares during the period. Anfield Capital Management LLC boosted its stake in shares of Kraft Heinz by 256.7% during the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after acquiring an additional 914 shares during the period. Sentry Investment Management LLC acquired a new position in shares of Kraft Heinz during the 3rd quarter worth approximately $38,000. Finally, Brown Shipley& Co Ltd bought a new stake in Kraft Heinz in the 4th quarter valued at $40,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kraft Heinz

In other news, insider Cory Onell sold 9,045 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45. Following the transaction, the insider directly owned 202,454 shares of the company’s stock, valued at approximately $4,982,392.94. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Down 1.0%

KHC stock opened at $21.98 on Wednesday. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $30.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.79. The stock has a market capitalization of $26.06 billion, a price-to-earnings ratio of -4.45 and a beta of 0.07. The business’s fifty day moving average price is $23.18 and its two-hundred day moving average price is $24.02.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. Kraft Heinz’s quarterly revenue was down 3.4% on a year-over-year basis. 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 2.04 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date was Friday, March 6th. Kraft Heinz’s dividend payout ratio is presently -32.39%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KHC shares. Sanford C. Bernstein raised their price target on Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a report on Thursday, February 12th. BTIG Research began coverage on shares of Kraft Heinz in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, March 30th. Evercore decreased their price target on shares of Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. Finally, Jefferies Financial Group cut their price objective on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $23.53.

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.