Philip James Wealth Mangement LLC Sells 75,508 Shares of Kraft Heinz Company $KHC

Philip James Wealth Mangement LLC trimmed its holdings in Kraft Heinz Company (NASDAQ:KHC) by 34.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,639 shares of the company’s stock after selling 75,508 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in Kraft Heinz were worth $3,507,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. raised its stake in Kraft Heinz by 172.4% during the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares during the last quarter. Cape Investment Advisory Inc. grew its position in Kraft Heinz by 164.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after purchasing an additional 807 shares during the last quarter. Anfield Capital Management LLC grew its position in Kraft Heinz by 256.7% in the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after purchasing an additional 914 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of Kraft Heinz during the 3rd quarter worth about $38,000. Finally, Albion Financial Group UT acquired a new position in shares of Kraft Heinz during the third quarter valued at about $43,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Activity

In other news, insider Cory Onell sold 9,045 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $24.61, for a total value of $222,597.45. Following the sale, the insider owned 202,454 shares in the company, valued at approximately $4,982,392.94. The trade was a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research report on Thursday, January 22nd. Mizuho cut their price target on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Zacks Research downgraded Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Morgan Stanley reissued an “underweight” rating and set a $23.00 price objective on shares of Kraft Heinz in a report on Tuesday, February 17th. Finally, The Goldman Sachs Group set a $23.00 price objective on Kraft Heinz in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $23.71.

Kraft Heinz Price Performance

NASDAQ KHC opened at $22.79 on Friday. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $31.15. The company has a market capitalization of $26.98 billion, a price-to-earnings ratio of -4.61 and a beta of 0.07. The stock’s 50 day moving average is $23.50 and its two-hundred day moving average is $24.34. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.Kraft Heinz’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 7.0%. The ex-dividend date was Friday, March 6th. Kraft Heinz’s dividend payout ratio is currently -32.39%.

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.