M&T Bank Corp Reduces Position in Kraft Heinz Company $KHC

M&T Bank Corp decreased its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 58.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 64,937 shares of the company’s stock after selling 89,907 shares during the quarter. M&T Bank Corp’s holdings in Kraft Heinz were worth $1,575,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at $295,000. D.A. Davidson & CO. boosted its holdings in Kraft Heinz by 6.7% in the fourth quarter. D.A. Davidson & CO. now owns 70,245 shares of the company’s stock valued at $1,703,000 after acquiring an additional 4,396 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Kraft Heinz by 4.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 398,916 shares of the company’s stock worth $9,674,000 after purchasing an additional 18,592 shares in the last quarter. State of Michigan Retirement System lifted its stake in shares of Kraft Heinz by 2.1% during the fourth quarter. State of Michigan Retirement System now owns 316,939 shares of the company’s stock worth $7,686,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Kraft Heinz by 11.6% during the fourth quarter. Verdence Capital Advisors LLC now owns 68,375 shares of the company’s stock worth $1,658,000 after purchasing an additional 7,132 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

KHC has been the topic of several recent analyst reports. Mizuho cut their price target on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Morgan Stanley set a $22.00 price objective on Kraft Heinz in a report on Thursday, April 23rd. UBS Group upped their target price on Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday. Finally, TD Cowen cut their price objective on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $23.06.

More Kraft Heinz News

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Kraft Heinz reported better-than-expected Q1 sales and analysts have been raising attention around the improving turnaround story, suggesting early traction in its core brands. Article Title
• Positive Sentiment: The company is boosting marketing spending, launching new products like upgraded Kraft Mac & Cheese and Ore-Ida Tater Tots, and signing a five-year NFL sponsorship deal, all of which could help brand visibility and sales. Article Title
• Positive Sentiment: Kraft Heinz launched a $1.1 billion debt tender offer, a move that may improve balance-sheet flexibility and support the company’s broader restructuring efforts. Article Title
• Neutral Sentiment: Management is talking more openly about inflation pressure and lower-income consumers running out of room on spending, which explains why Kraft Heinz is leaning hard into value pricing. Article Title
• Negative Sentiment: BNP Paribas Exane lowered its price target on Kraft Heinz, which could temper enthusiasm despite the recent operational improvements. Article Title

Insider Buying and Selling

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the stock in a transaction 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 $4,982,392.94. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.24% of the stock is owned by insiders.

Kraft Heinz Trading Up 1.2%

NASDAQ KHC opened at $23.93 on Friday. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.19. The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $28.37 billion, a PE ratio of -4.92 and a beta of 0.06. The firm’s fifty day simple moving average is $22.78 and its 200-day simple moving average is $23.82.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. 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 posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, sell-side analysts anticipate that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz’s dividend payout ratio is presently -32.92%.

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.