Gamco Investors INC. ET AL Sells 21,440 Shares of Kraft Heinz Company $KHC

Gamco Investors INC. ET AL reduced its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 18.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 97,138 shares of the company’s stock after selling 21,440 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Kraft Heinz were worth $2,356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Key Capital Management INC bought a new stake in Kraft Heinz during the 4th quarter valued at $29,000. New England Capital Financial Advisors LLC raised 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 valued at $30,000 after buying an additional 511 shares during the last quarter. Rakuten Securities Inc. raised its holdings in Kraft Heinz by 172.4% during the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after buying an additional 788 shares during the last quarter. Anfield Capital Management LLC raised its holdings in Kraft Heinz by 256.7% during the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after buying an additional 914 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new stake in Kraft Heinz during the 3rd quarter valued at $38,000. 78.17% of the stock is currently owned by institutional investors.

Key Kraft Heinz News

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Kraft Heinz advanced its balance-sheet management by launching new euro notes and moving ahead with a cash tender offer for up to $1.1 billion of outstanding notes, which could help lower financing costs and extend debt maturity. Kraft Heinz Launches New Euro Notes, Refinances Debt
• Positive Sentiment: The company said it received strong early tender participation and satisfied the financing condition for the buyback, signaling solid demand and a smooth path to completing the transaction. Kraft Heinz Announces Early Tender Participation Results, Satisfaction of the Financing Condition, and Election of Early Settlement
• Positive Sentiment: Kraft Heinz also launched new and reformulated products, including Jell-O without artificial dyes and a lactose-free Kraft Natural Cheese line, which may help revive sales by appealing to health-conscious consumers and new dietary trends. Kraft Heinz launches Jell-O line without artificial dyes
• Neutral Sentiment: Market commentary noted the stock has recently been mixed, with some short-term gains but continued underperformance over longer periods, keeping sentiment cautious even as the shares have edged higher. Kraft Heinz Co. stock rises Wednesday, still underperforms market

Kraft Heinz Stock Up 0.0%

Shares of Kraft Heinz stock opened at $23.54 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. The company has a 50-day moving average of $22.59 and a 200 day moving average of $23.69. The firm has a market cap of $27.91 billion, a price-to-earnings ratio of -4.84 and a beta of 0.06. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year 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, beating the consensus estimate 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 company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. During the same period in the prior year, the firm posted $0.62 EPS. Kraft Heinz’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. As a group, sell-side analysts anticipate that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

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

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $23.00 price target on shares of Kraft Heinz in a report on Thursday, February 12th. Mizuho lowered their price target on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. BTIG Research began coverage on shares of Kraft Heinz in a report on Monday, April 13th. They set a “neutral” rating for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. Finally, Piper Sandler reduced their price objective on shares of Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and an average price target of $23.06.

Insider Buying and Selling

In other news, insider Cory Onell sold 4,991 shares of the firm’s 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 owned 197,463 shares of the company’s stock, valued at $4,806,249.42. This trade represents a 2.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.24% of the company’s stock.

About Kraft Heinz

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.