Savoir Faire Capital Management L.P. Has $4.83 Million Stock Holdings in Kraft Heinz Company $KHC

Savoir Faire Capital Management L.P. decreased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 59.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 199,266 shares of the company’s stock after selling 296,997 shares during the quarter. Kraft Heinz makes up approximately 2.3% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 18th largest holding. Savoir Faire Capital Management L.P.’s holdings in Kraft Heinz were worth $4,832,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in KHC. Nordea Investment Management AB increased its holdings in Kraft Heinz by 75.1% in the third quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock valued at $351,263,000 after purchasing an additional 5,873,967 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Kraft Heinz by 2,264.5% during the fourth quarter. SG Americas Securities LLC now owns 1,458,451 shares of the company’s stock worth $35,367,000 after buying an additional 1,396,770 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Kraft Heinz by 97.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,826,723 shares of the company’s stock worth $73,608,000 after buying an additional 1,392,904 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Kraft Heinz by 112.2% during the third quarter. Ameriprise Financial Inc. now owns 2,491,597 shares of the company’s stock worth $64,872,000 after buying an additional 1,317,201 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Kraft Heinz by 77.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,826,152 shares of the company’s stock worth $73,593,000 after buying an additional 1,234,078 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KHC shares. The Goldman Sachs Group set a $23.00 price target on shares of Kraft Heinz in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Sanford C. Bernstein increased their target price on shares of Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday, February 12th. Morgan Stanley set a $22.00 price target on shares of Kraft Heinz in a research report on Thursday, April 23rd. Finally, BTIG Research started coverage on shares of Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Reduce” and an average target price of $23.47.

Insider Buying and Selling

In related news, insider Cory Onell sold 4,991 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total value of $121,480.94. Following the sale, the insider directly owned 197,463 shares of the company’s stock, valued at approximately $4,806,249.42. The trade was a 2.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Kraft Heinz Price Performance

Shares of KHC opened at $22.66 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15. The stock has a 50 day simple moving average of $22.87 and a 200 day simple moving average of $23.89. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $29.19. The firm has a market capitalization of $26.87 billion, a PE ratio of -4.59 and a beta of 0.07.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same period last year, the company posted $0.84 EPS. The business’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. Sell-side analysts predict that Kraft Heinz Company will post 2.04 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.39%.

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.