55,379 Shares in Kraft Heinz Company $KHC Purchased by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC bought a new stake in Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 55,379 shares of the company’s stock, valued at approximately $1,343,000.

Other hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in Kraft Heinz by 15.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,219 shares of the company’s stock valued at $84,000 after buying an additional 431 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Kraft Heinz by 13.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock valued at $101,000 after buying an additional 460 shares during the period. Barrett & Company Inc. boosted its stake in shares of Kraft Heinz by 22.7% during the 3rd quarter. Barrett & Company Inc. now owns 2,700 shares of the company’s stock valued at $70,000 after buying an additional 500 shares during the period. Silverlake Wealth Management LLC grew its holdings in shares of Kraft Heinz by 3.4% during the 2nd quarter. Silverlake Wealth Management LLC now owns 16,021 shares of the company’s stock valued at $414,000 after acquiring an additional 530 shares in the last quarter. Finally, Close Asset Management Ltd grew its holdings in shares of Kraft Heinz by 3.7% during the 3rd quarter. Close Asset Management Ltd now owns 16,067 shares of the company’s stock valued at $418,000 after acquiring an additional 568 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Shares of KHC opened at $22.49 on Wednesday. The company has a market capitalization of $26.62 billion, a PE ratio of -4.55 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.79. Kraft Heinz Company has a one year low of $21.03 and a one year high of $31.15. The company’s fifty day moving average price is $23.51 and its 200 day moving average price is $24.38.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 7.1%. Kraft Heinz’s payout ratio is currently -32.39%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price target on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday. Sanford C. Bernstein boosted their price target on Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a research note on Thursday, February 12th. Jefferies Financial Group dropped their price objective on Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. The Goldman Sachs Group set a $23.00 price objective on shares of Kraft Heinz in a research report on Thursday, February 12th. Finally, Mizuho reduced their target price on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Reduce” and a consensus price target of $24.44.

Insider Transactions at Kraft Heinz

In other news, insider Cory Onell sold 4,991 shares of Kraft Heinz stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total transaction of $121,480.94. Following the sale, the insider directly owned 197,463 shares in the company, valued at approximately $4,806,249.42. The trade was a 2.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is owned by company insiders.

Kraft Heinz 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.