Kestra Advisory Services LLC Sells 22,150 Shares of Kraft Heinz Company $KHC

Kestra Advisory Services LLC cut its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 17.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,239 shares of the company’s stock after selling 22,150 shares during the period. Kestra Advisory Services LLC’s holdings in Kraft Heinz were worth $2,299,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Jessup Wealth Management Inc bought a new stake in Kraft Heinz during the 4th quarter worth $27,000. Reflection Asset Management bought a new position in Kraft Heinz in the fourth quarter valued at about $28,000. Key Capital Management INC acquired a new stake in shares of Kraft Heinz during the fourth quarter valued at about $29,000. DV Equities LLC acquired a new stake in Kraft Heinz during the 4th quarter worth approximately $29,000. Finally, New England Capital Financial Advisors LLC grew its holdings in Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after acquiring an additional 511 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KHC. Jefferies Financial Group dropped their price target 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. UBS Group boosted their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday. TD Cowen decreased their price objective on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. Wells Fargo & Company raised their target price on Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Finally, Piper Sandler lifted their target price on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $23.12.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $25.88 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $29.19. The firm has a 50 day moving average price of $23.91 and a two-hundred day moving average price of $23.52. The firm has a market cap of $30.69 billion, a price-to-earnings ratio of -5.33 and a beta of 0.09.

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

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 6.2%. Kraft Heinz’s payout ratio is presently -32.92%.

Insider Buying and Selling

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the sale, the insider owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.

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.