P Schoenfeld Asset Management LP Sells 120,500 Shares of Kraft Heinz Company $KHC

P Schoenfeld Asset Management LP lowered its holdings in Kraft Heinz Company (NASDAQ:KHC) by 45.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 142,500 shares of the company’s stock after selling 120,500 shares during the period. Kraft Heinz accounts for 1.2% of P Schoenfeld Asset Management LP’s portfolio, making the stock its 19th largest position. P Schoenfeld Asset Management LP’s holdings in Kraft Heinz were worth $3,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of KHC. MML Investors Services LLC increased its position in Kraft Heinz by 7.8% during the fourth quarter. MML Investors Services LLC now owns 151,455 shares of the company’s stock worth $3,673,000 after acquiring an additional 10,980 shares during the period. Focus Partners Wealth boosted its holdings in Kraft Heinz by 96.5% in the 4th quarter. Focus Partners Wealth now owns 92,201 shares of the company’s stock valued at $2,299,000 after purchasing an additional 45,289 shares during the period. Fieldview Capital Management LLC acquired a new stake in Kraft Heinz in the 4th quarter worth $1,547,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in Kraft Heinz by 0.8% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,644,173 shares of the company’s stock worth $64,121,000 after purchasing an additional 22,220 shares during the last quarter. Finally, Landscape Capital Management L.L.C. increased its holdings in shares of Kraft Heinz by 11.6% during the 4th quarter. Landscape Capital Management L.L.C. now owns 120,767 shares of the company’s stock worth $2,929,000 after purchasing an additional 12,555 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $24.39 on Monday. The firm has a market cap of $28.92 billion, a P/E ratio of -5.02 and a beta of 0.08. The firm’s 50-day simple moving average is $23.08 and its 200-day simple moving average is $23.58. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, research analysts expect that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.6%. Kraft Heinz’s dividend payout ratio is presently -32.92%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KHC. Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. TD Cowen lowered their price target on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Piper Sandler reduced their price objective on Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Kraft Heinz currently has an average rating of “Reduce” and an average target price of $22.69.

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.