National Pension Service Sells 1,253,480 Shares of Kraft Heinz Company $KHC

National Pension Service cut its holdings in Kraft Heinz Company (NASDAQ:KHC) by 64.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 693,804 shares of the company’s stock after selling 1,253,480 shares during the quarter. National Pension Service’s holdings in Kraft Heinz were worth $16,825,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Key Capital Management INC purchased a new stake in shares of Kraft Heinz in the 4th quarter worth $29,000. New England Capital Financial Advisors LLC increased its stake in shares of Kraft Heinz by 70.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after purchasing an additional 511 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of Kraft Heinz by 172.4% in the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares in the last quarter. Anfield Capital Management LLC increased its stake in shares of Kraft Heinz by 256.7% in the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after purchasing an additional 914 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in shares of Kraft Heinz in the 3rd quarter worth $38,000. 78.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Zacks Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Mizuho dropped their target price on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Wall Street Zen downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating in a report on Sunday. Wells Fargo & Company dropped their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Finally, Jefferies Financial Group dropped their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Kraft Heinz has a consensus rating of “Reduce” and a consensus target price of $23.06.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $24.01 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The company has a 50-day moving average price of $22.76 and a 200 day moving average price of $23.68. The company has a market cap of $28.47 billion, a price-to-earnings ratio of -4.94 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.89 billion. During the same quarter last year, the firm earned $0.62 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities research analysts predict that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz’s dividend payout ratio is -32.92%.

Insider Activity at Kraft Heinz

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

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.