Illinois Municipal Retirement Fund Sells 105,648 Shares of Kraft Heinz Company $KHC

Illinois Municipal Retirement Fund decreased its position in Kraft Heinz Company (NASDAQ:KHC) by 21.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 377,912 shares of the company’s stock after selling 105,648 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Kraft Heinz were worth $8,499,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Kraft Heinz by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after acquiring an additional 616,283 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of Kraft Heinz by 148.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after purchasing an additional 1,295,688 shares in the last quarter. Westhampton Capital LLC bought a new stake in shares of Kraft Heinz in the fourth quarter worth $1,222,000. Robeco Institutional Asset Management B.V. boosted its holdings in Kraft Heinz by 14.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,224,052 shares of the company’s stock worth $78,183,000 after purchasing an additional 397,329 shares during the last quarter. Finally, KBC Group NV grew its position in Kraft Heinz by 322.0% in the fourth quarter. KBC Group NV now owns 916,485 shares of the company’s stock valued at $22,224,000 after purchasing an additional 699,290 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Price Performance

Shares of KHC opened at $25.88 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $23.91 and its 200 day simple moving average is $23.52. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.19. The company has a market cap of $30.69 billion, a price-to-earnings ratio of -5.33 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.89 billion. During the same quarter last year, the company posted $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. On average, research analysts forecast that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.2%. The ex-dividend date was Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is -32.92%.

Analyst Ratings Changes

Several equities research analysts have issued reports on KHC shares. JPMorgan Chase & Co. lifted their price target on shares of Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday. Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a research note on Thursday, April 23rd. Sanford C. Bernstein downgraded Kraft Heinz from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $25.00 to $21.00 in a research report on Wednesday, June 3rd. Wells Fargo & Company lifted their target price on Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Finally, BNP Paribas Exane upped their target price on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $23.12.

Insider Buying and Selling

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

Kraft Heinz 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.