Mount Capital Ltd Cuts Holdings in Kraft Heinz Company $KHC

Mount Capital Ltd reduced its position in Kraft Heinz Company (NASDAQ:KHC) by 72.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 106,380 shares of the company’s stock after selling 279,676 shares during the quarter. Kraft Heinz comprises about 1.0% of Mount Capital Ltd’s investment portfolio, making the stock its 14th biggest position. Mount Capital Ltd’s holdings in Kraft Heinz were worth $2,580,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in Kraft Heinz in the first quarter valued at about $207,000. Woodline Partners LP raised its position in Kraft Heinz by 39.0% in the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after purchasing an additional 20,690 shares during the period. NewEdge Advisors LLC raised its position in Kraft Heinz by 16.6% in the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after purchasing an additional 7,307 shares during the period. The Manufacturers Life Insurance Company raised its position in Kraft Heinz by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock valued at $13,482,000 after purchasing an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC purchased a new position in Kraft Heinz in the second quarter valued at about $207,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on KHC. UBS Group raised their price objective on Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Evercore cut their price objective on Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Sunday, May 31st. Jefferies Financial Group cut their price objective on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, The Goldman Sachs Group set a $23.00 price objective on Kraft Heinz in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and a consensus price target of $22.69.

Kraft Heinz News Roundup

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

• Positive Sentiment: Jim Cramer said he has “faith” in Kraft Heinz CEO Steve, which may help improve sentiment by signaling confidence in management and the company’s turnaround prospects. Jim Cramer on Kraft Heinz CEO: “I Have Faith in Steve”
• Positive Sentiment: Unusual call-option activity suggests some traders are positioning for a rebound, which can sometimes signal renewed speculative interest in the shares. Unusual trading in Kraft Heinz call options after CEO interview – Is KHC stock a buy?
• Neutral Sentiment: The company’s recent earnings were generally solid, with Kraft Heinz beating EPS and revenue estimates last month, but the stock has still struggled to hold momentum afterward. Kraft Heinz stock/earnings overview
• Negative Sentiment: Bernstein downgraded Kraft Heinz to Underperform/Sell and lowered its price target, reinforcing worries that the shares could have more downside ahead. Kraft Heinz was downgraded to a Sell Rating at Bernstein
• Negative Sentiment: Articles focused on the stock being down since its last earnings report highlight weakening momentum and investor concern that the post-earnings rally has faded. Why Is Kraft Heinz (KHC) Down 5% Since Last Earnings Report?
• Negative Sentiment: Management commentary on “negative cash flows” among lower-income consumers points to softer demand for packaged foods if stressed households keep pulling back on spending. Running out of money: Kraft, McDonald’s, Whirlpool CEOs all issue same dire warning about US consumers

Kraft Heinz Stock Up 0.5%

Shares of NASDAQ KHC opened at $22.58 on Friday. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19. The firm has a market cap of $26.77 billion, a price-to-earnings ratio of -4.65 and a beta of 0.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The stock’s 50-day simple moving average is $22.91 and its 200-day simple moving average is $23.63.

Kraft Heinz (NASDAQ:KHC) last announced its 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 positive return on equity of 7.26% and a negative net margin of 23.05%.The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities analysts anticipate that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is -32.92%.

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.