Leonteq Securities AG Has $9.95 Million Stock Position in Kraft Heinz Company $KHC

Leonteq Securities AG lifted its position in Kraft Heinz Company (NASDAQ:KHC) by 91.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 442,561 shares of the company’s stock after buying an additional 210,931 shares during the period. Leonteq Securities AG’s holdings in Kraft Heinz were worth $9,953,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Auto Owners Insurance Co lifted its holdings in Kraft Heinz by 3,034.1% during the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after acquiring an additional 15,951,271 shares in the last quarter. Norges Bank bought a new stake in shares of Kraft Heinz in the fourth quarter worth about $332,382,000. Barclays PLC increased its holdings in shares of Kraft Heinz by 77.8% in the fourth quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock worth $217,599,000 after acquiring an additional 3,926,141 shares in the last quarter. Invesco Ltd. raised its position in shares of Kraft Heinz by 10.5% during the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock worth $478,347,000 after purchasing an additional 1,870,310 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Kraft Heinz by 127.6% during the first quarter. SG Americas Securities LLC now owns 3,319,277 shares of the company’s stock worth $74,651,000 after purchasing an additional 1,860,826 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insiders Place Their Bets

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the sale, the insider directly owned 102,667 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $25.37 on Friday. 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 firm has a market cap of $30.08 billion, a price-to-earnings ratio of -5.22 and a beta of 0.09. The stock’s 50-day moving average is $23.32 and its 200-day moving average is $23.45. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.89 billion. During the same period last year, the company earned $0.62 earnings per share. Kraft Heinz’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities analysts predict that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors 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 dividend on an annualized basis and a yield of 6.3%. Kraft Heinz’s dividend payout ratio (DPR) is -32.92%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KHC. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. BTIG Research assumed coverage on shares of Kraft Heinz in a report on Monday, April 13th. They set a “neutral” rating on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Finally, Piper Sandler upped their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $22.88.

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.