TD Asset Management Inc Has $9 Million Stock Position in Kraft Heinz Company $KHC

TD Asset Management Inc lowered its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 18.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 371,250 shares of the company’s stock after selling 81,883 shares during the quarter. TD Asset Management Inc’s holdings in Kraft Heinz were worth $9,003,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Kraft Heinz in the first quarter valued at about $207,000. Woodline Partners LP raised its holdings in shares of Kraft Heinz by 39.0% in the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after buying an additional 20,690 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Kraft Heinz by 16.6% in the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after buying an additional 7,307 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Kraft Heinz by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock valued at $13,482,000 after buying an additional 4,003 shares during the last quarter. Finally, HUB Investment Partners LLC bought a new position in shares of Kraft Heinz in the second quarter valued at about $207,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Zacks Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Evercore cut their price target on Kraft Heinz from $25.00 to $22.00 in a report on Thursday, February 12th. Morgan Stanley set a $22.00 price target on Kraft Heinz in a report on Thursday, April 23rd. BTIG Research assumed coverage on Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their price target for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $22.69.

Kraft Heinz Price Performance

Shares of KHC stock opened at $23.43 on Wednesday. The stock has a 50-day moving average price of $22.97 and a 200 day moving average price of $23.60. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of -4.82 and a beta of 0.08. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19.

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

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders 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 dividend yield of 6.8%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s payout ratio is presently -32.92%.

Kraft Heinz Company 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.