Farther Finance Advisors LLC grew its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 121.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,499 shares of the company's stock after purchasing an additional 57,787 shares during the period. Farther Finance Advisors LLC's holdings in Kraft Heinz were worth $2,397,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of KHC. Cassaday & Co Wealth Management LLC purchased a new stake in Kraft Heinz in the 1st quarter worth about $27,000. Reflection Asset Management acquired a new stake in Kraft Heinz during the 4th quarter worth about $28,000. Hara Capital LLC acquired a new stake in Kraft Heinz during the 2nd quarter worth about $29,000. Fiduciary Financial Advisors purchased a new position in Kraft Heinz during the 2nd quarter valued at about $33,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Kraft Heinz during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 78.17% of the company's stock.
Kraft Heinz Trading Down 0.1%
NASDAQ:KHC opened at $22.44 on Wednesday. The company has a market capitalization of $26.61 billion, a P/E ratio of -7.85, a P/E/G ratio of 2.99 and a beta of 0.12. The stock's 50 day moving average price is $24.35 and its 200 day moving average price is $23.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $28.09.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The firm had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company's revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, research analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.
Kraft Heinz Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a $0.40 dividend. The ex-dividend date was Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a yield of 7.1%. Kraft Heinz's dividend payout ratio is currently -55.94%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on KHC. UBS Group increased their price target on shares of Kraft Heinz from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. TD Cowen reaffirmed a "hold" rating and set a $22.00 price objective on shares of Kraft Heinz in a research report on Tuesday, September 22nd. Piper Sandler upped their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Wells Fargo & Company cut their target price on shares of Kraft Heinz from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $23.75.
Check Out Our Latest Stock Analysis on Kraft Heinz
Kraft Heinz Company Profile
(
Free Report)
The Kraft Heinz Company NASDAQ: KHC is a global food and beverage company that develops, manufactures and markets packaged foods and beverages for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and other grocery items.
The company's brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, Jell-O, Ore-Ida, Classico, Grey Poupon and Planters.
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