Royal London Asset Management Ltd. Lowers Stake in Kraft Heinz Company $KHC

Royal London Asset Management Ltd. cut its holdings in Kraft Heinz Company (NASDAQ:KHC) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 466,328 shares of the company’s stock after selling 26,953 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Kraft Heinz were worth $11,015,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC acquired a new stake in Kraft Heinz during the 1st quarter worth approximately $27,000. Jessup Wealth Management Inc acquired a new stake in shares of Kraft Heinz during the fourth quarter worth $27,000. Reflection Asset Management purchased a new position in Kraft Heinz in the 4th quarter valued at $28,000. Hara Capital LLC acquired a new position in Kraft Heinz in the 2nd quarter valued at $29,000. Finally, DV Equities LLC purchased a new position in Kraft Heinz during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

KHC stock opened at $25.66 on Tuesday. The firm has a 50 day moving average of $25.27 and a 200-day moving average of $23.93. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.09. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The company has a market cap of $30.43 billion, a price-to-earnings ratio of -8.97 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, equities analysts expect that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.40 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.2%. Kraft Heinz’s dividend payout ratio (DPR) is currently -55.94%.

Insider Activity

In related news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the sale, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. The trade was a 15.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Wells Fargo & Company lifted their price objective on Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. TD Cowen increased their target price on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, UBS Group upped their price objective on Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Kraft Heinz has an average rating of “Reduce” and a consensus target price of $23.62.

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.