69,315 Shares of Kraft Heinz Company $KHC Bought by apricus wealth LLC

Key Points

• Apricus Wealth LLC purchased 69,315 Kraft Heinz shares worth approximately $1.575 million during the third quarter. Institutional investors collectively own 78.17% of the company.
• Analyst sentiment remains cautious, with one Buy, 11 Hold, and five Sell ratings. Kraft Heinz has a consensus rating of “Reduce” and an average price target of $23.81.
• Kraft Heinz reported quarterly revenue of $6.26 billion and adjusted earnings of $0.56 per share, while revenue declined 1.4% year over year. The company pays a quarterly dividend of $0.40 per share, representing a 6.5% annualized yield.

apricus wealth LLC bought a new stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 69,315 shares of the company's stock, valued at approximately $1,575,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Kraft Heinz in the 2nd quarter valued at $1,803,911,000. Nykredit A S bought a new stake in Kraft Heinz in the second quarter valued at $181,408,000. Deutsche Bank AG acquired a new position in Kraft Heinz during the second quarter worth $179,876,000. Bank of New York Mellon Corp acquired a new position in Kraft Heinz during the second quarter worth $170,097,000. Finally, Legal & General Group Plc bought a new position in shares of Kraft Heinz during the second quarter valued at $142,611,000. Institutional investors own 78.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. TD Cowen restated a "hold" rating and issued a $22.00 target price on shares of Kraft Heinz in a research note on Tuesday, September 22nd. Wall Street Zen lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. decreased their price objective on shares of Kraft Heinz from $24.00 to $23.00 and set an "underweight" rating on the stock in a research note on Tuesday, October 20th. Finally, Evercore set a $24.00 price objective on shares of Kraft Heinz in a report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $23.81.

Kraft Heinz Stock Down 0.4%

Shares of NASDAQ:KHC opened at $24.69 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The firm has a market cap of $29.28 billion, a P/E ratio of -8.63, a P/E/G ratio of 2.99 and a beta of 0.12. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $28.09. The company's 50-day moving average price is $24.15 and its two-hundred day moving average price is $23.87.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The company's revenue was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, research analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 6.5%. Kraft Heinz's dividend payout ratio is currently -55.94%.

About Kraft Heinz

The Kraft Heinz Company NASDAQ: KHC is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.

The company's brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.

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