First Trust Advisors LP Acquires 323,762 Shares of Kraft Heinz Company $KHC

First Trust Advisors LP increased its holdings in shares of Kraft Heinz Company (NASDAQ:KHCFree Report) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,073,487 shares of the company’s stock after acquiring an additional 323,762 shares during the period. First Trust Advisors LP’s holdings in Kraft Heinz were worth $158,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. STF Management LP increased its position in Kraft Heinz by 2.1% during the 2nd quarter. STF Management LP now owns 18,475 shares of the company’s stock valued at $477,000 after purchasing an additional 374 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Kraft Heinz by 15.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,219 shares of the company’s stock worth $84,000 after purchasing an additional 431 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Kraft Heinz by 13.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock valued at $101,000 after purchasing an additional 460 shares during the last quarter. Barrett & Company Inc. boosted its stake in shares of Kraft Heinz by 22.7% in the 3rd quarter. Barrett & Company Inc. now owns 2,700 shares of the company’s stock valued at $70,000 after purchasing an additional 500 shares during the last quarter. Finally, Silverlake Wealth Management LLC increased its position in shares of Kraft Heinz by 3.4% during the second quarter. Silverlake Wealth Management LLC now owns 16,021 shares of the company’s stock worth $414,000 after buying an additional 530 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $24.61, for a total value of $222,597.45. Following the transaction, the insider owned 202,454 shares in the company, valued at approximately $4,982,392.94. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Miguel Patricio sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the sale, the insider directly owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This trade represents a 15.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 139,036 shares of company stock worth $3,446,578. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on KHC shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kraft Heinz from $26.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. Sanford C. Bernstein increased their price target on Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday, February 12th. Barclays lifted their price objective on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Zacks Research lowered Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Finally, The Goldman Sachs Group set a $23.00 target price on Kraft Heinz in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, Kraft Heinz currently has an average rating of “Reduce” and an average price target of $24.89.

View Our Latest Analysis on Kraft Heinz

More Kraft Heinz News

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Kraft Heinz Trading Up 1.3%

NASDAQ:KHC opened at $24.54 on Friday. Kraft Heinz Company has a 12 month low of $21.99 and a 12 month high of $33.35. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $29.05 billion, a price-to-earnings ratio of -4.97 and a beta of 0.06. The firm has a fifty day simple moving average of $24.02 and a two-hundred day simple moving average of $24.98.

Kraft Heinz (NASDAQ:KHCGet Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.38 billion. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s dividend payout ratio is -32.39%.

Kraft Heinz Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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