Kraft Heinz Company $KHC Shares Bought by Sigma Planning Corp

Sigma Planning Corp boosted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 37.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 195,330 shares of the company’s stock after buying an additional 53,594 shares during the period. Sigma Planning Corp’s holdings in Kraft Heinz were worth $4,438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC bought a new stake in Kraft Heinz during the first quarter valued at approximately $27,000. Hara Capital LLC purchased a new position in Kraft Heinz in the 2nd quarter worth approximately $29,000. Fiduciary Financial Advisors bought a new position in shares of Kraft Heinz in the 2nd quarter worth $33,000. Reyes Financial Architecture Inc. increased its holdings in shares of Kraft Heinz by 5,820.8% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,421 shares of the company’s stock worth $32,000 after buying an additional 1,397 shares during the last quarter. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Kraft Heinz in the 2nd quarter worth $34,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KHC has been the topic of several research reports. Weiss Ratings cut shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $21.00 target price on shares of Kraft Heinz in a research report on Wednesday, October 14th. Piper Sandler upped their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. TD Cowen reissued a “hold” rating and issued a $22.00 target price on shares of Kraft Heinz in a research note on Tuesday, September 22nd. Finally, JPMorgan Chase & Co. lowered their price target on Kraft Heinz from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 20th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $23.81.

Kraft Heinz Stock Down 0.4%

Shares of NASDAQ KHC opened at $24.69 on Tuesday. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The firm’s 50 day simple moving average is $24.15 and its two-hundred day simple moving average is $23.87. The stock has a market capitalization of $29.28 billion, a P/E ratio of -8.63, a PEG ratio of 2.99 and a beta of 0.12.

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

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.60 annualized dividend and a dividend yield of 6.5%. Kraft Heinz’s dividend payout ratio (DPR) is currently -55.94%.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.

The company’s brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.