Eurizon Capital SGR S.p.A. Invests $29.24 Million in Kraft Heinz Company $KHC

Key Points

• Eurizon Capital SGR S.p.A. opened a new position in Kraft Heinz during the fourth quarter, buying 1,205,727 shares worth about $29.24 million. The stake represented roughly 0.10% of the company.
• Institutional ownership remains high, with 78.17% of Kraft Heinz shares held by hedge funds and other institutional investors. Several other funds also increased or initiated positions in the stock during the quarter.
• Kraft Heinz reported better-than-expected quarterly results with EPS of $0.58 versus $0.50 expected and revenue of $6.05 billion versus $5.89 billion expected. The company also announced a quarterly dividend of $0.40 per share, implying a 6.7% yield.

Eurizon Capital SGR S.p.A. acquired a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,205,727 shares of the company's stock, valued at approximately $29,240,000. Eurizon Capital SGR S.p.A. owned approximately 0.10% of Kraft Heinz at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $86,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Kraft Heinz by 1.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 82,890 shares of the company's stock worth $2,010,000 after acquiring an additional 1,229 shares in the last quarter. Royal Palms Capital LLC purchased a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $482,000. M3 Wealth Management LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $355,000. Finally, AlphaQuest LLC increased its position in shares of Kraft Heinz by 2,833.1% during the 4th quarter. AlphaQuest LLC now owns 73,474 shares of the company's stock valued at $1,782,000 after purchasing an additional 70,969 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the company's stock in a transaction 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 of the company's stock, valued at $4,982,392.94. This represents a 4.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KHC shares. Wells Fargo & Company cut their target price on Kraft Heinz from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 12th. UBS Group boosted their target price on Kraft Heinz from $23.00 to $24.00 and gave the company a "neutral" rating in a research report on Friday, May 8th. Jefferies Financial Group cut their target price on Kraft Heinz from $23.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, March 30th. Evercore cut their target price on Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. cut their target price on Kraft Heinz from $22.00 to $21.00 and set an "underweight" rating on the stock in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $23.06.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $24.01 on Friday. The stock's fifty day moving average is $22.76 and its two-hundred day moving average is $23.69. The company has a market capitalization of $28.47 billion, a PE ratio of -4.94 and a beta of 0.06. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $29.19.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.Kraft Heinz's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz's dividend payout ratio is -32.92%.

About Kraft Heinz

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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