Corient Private Wealth LLC Has $3.30 Million Stock Holdings in Kraft Heinz Company $KHC

Corient Private Wealth LLC trimmed its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 27.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 135,623 shares of the company’s stock after selling 52,434 shares during the quarter. Corient Private Wealth LLC’s holdings in Kraft Heinz were worth $3,296,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Jessup Wealth Management Inc bought a new position in shares of Kraft Heinz in the fourth quarter worth $27,000. Reflection Asset Management bought a new stake in Kraft Heinz during the fourth quarter worth about $28,000. DV Equities LLC acquired a new stake in Kraft Heinz during the fourth quarter worth about $29,000. Key Capital Management INC acquired a new stake in Kraft Heinz during the fourth quarter worth about $29,000. Finally, New England Capital Financial Advisors LLC increased its holdings in Kraft Heinz by 70.2% in 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 period. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KHC. Jefferies Financial Group cut their price target on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, March 30th. TD Cowen decreased their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. UBS Group boosted their price objective on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. BTIG Research began coverage on Kraft Heinz in a research note on Monday, April 13th. They set a “neutral” rating for the company. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have assigned 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 $22.75.

Kraft Heinz Price Performance

KHC stock opened at $23.72 on Friday. The stock has a market cap of $28.13 billion, a price-to-earnings ratio of -4.88 and a beta of 0.08. 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 simple moving average of $23.14 and a 200 day simple moving average of $23.45. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations 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 revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Research analysts anticipate that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a dividend of $0.40 per share. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. Kraft Heinz’s payout ratio is currently -32.92%.

Insiders Place Their Bets

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the transaction, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. This represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by corporate insiders.

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.