Personal CFO Solutions LLC Has $852,000 Stock Position in Kraft Heinz Company $KHC

Personal CFO Solutions LLC raised its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 186.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 37,898 shares of the company’s stock after buying an additional 24,661 shares during the period. Personal CFO Solutions LLC’s holdings in Kraft Heinz were worth $852,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KHC. Saxon Interests Inc. acquired a new position in Kraft Heinz during the first quarter worth $950,000. Bank of Stockton bought a new position in Kraft Heinz in the first quarter valued at $443,000. Swedbank AB increased its stake in Kraft Heinz by 20.0% in the 1st quarter. Swedbank AB now owns 1,630,470 shares of the company’s stock valued at $36,669,000 after buying an additional 271,309 shares during the last quarter. Cohen Investment Advisors LLC lifted its position in Kraft Heinz by 4.6% during the 1st quarter. Cohen Investment Advisors LLC now owns 13,522 shares of the company’s stock worth $304,000 after buying an additional 592 shares in the last quarter. Finally, Integrated Advisors Network LLC lifted its position in Kraft Heinz by 40.0% during the 1st quarter. Integrated Advisors Network LLC now owns 21,879 shares of the company’s stock worth $492,000 after buying an additional 6,256 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, the insider owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KHC. Wells Fargo & Company raised their price objective on Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, March 25th. BTIG Research assumed coverage on Kraft Heinz in a research report on Monday, April 13th. They set a “neutral” rating for the company. Sanford C. Bernstein downgraded Kraft Heinz from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $25.00 to $21.00 in a research note on Wednesday, June 3rd. Finally, Piper Sandler boosted their price target on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $23.00.

Kraft Heinz Stock Performance

KHC opened at $24.68 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $29.19. The business has a 50 day moving average of $23.62 and a 200-day moving average of $23.46. The stock has a market cap of $29.27 billion, a price-to-earnings ratio of -5.08 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating 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 analysts’ expectations of $5.89 billion. During the same quarter in the prior year, the business earned $0.62 EPS. The firm’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. On average, equities research analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 6.5%. Kraft Heinz’s dividend payout ratio is presently -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.