King Luther Capital Management Corp Sells 48,910 Shares of Kraft Heinz Company $KHC

Key Points

• King Luther Capital Management reduced its Kraft Heinz stake by 9.9% in the fourth quarter, selling 48,910 shares and leaving it with 443,722 shares worth about $10.76 million.
• 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 estimated.
• The company also announced a quarterly dividend of $0.40 per share, equal to an annualized yield of 6.6%, while analysts currently hold a cautious view with a consensus rating of “Reduce.”

King Luther Capital Management Corp lessened its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 443,722 shares of the company's stock after selling 48,910 shares during the period. King Luther Capital Management Corp's holdings in Kraft Heinz were worth $10,760,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Key Capital Management INC bought a new position in Kraft Heinz during the 4th quarter worth $29,000. New England Capital Financial Advisors LLC increased its stake in Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company's stock worth $30,000 after acquiring an additional 511 shares during the period. Rakuten Securities Inc. increased 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 worth $32,000 after acquiring an additional 788 shares during the period. Anfield Capital Management LLC increased its stake in Kraft Heinz by 256.7% during the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company's stock worth $33,000 after acquiring an additional 914 shares during the period. Finally, Sentry Investment Management LLC bought a new position in Kraft Heinz during the 3rd quarter worth $38,000. Institutional investors own 78.17% of the company's stock.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the company's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $24.61, for a total value of $222,597.45. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is currently owned by insiders.

Kraft Heinz Trading Up 2.2%

Shares of KHC opened at $24.38 on Thursday. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $29.19. The business's fifty day moving average is $22.69 and its 200-day moving average is $23.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The firm has a market cap of $28.91 billion, a price-to-earnings ratio of -5.02 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (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 analyst estimates of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities analysts anticipate that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz's dividend payout ratio is presently -32.92%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Zacks Research upgraded Kraft Heinz from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 21st. The Goldman Sachs Group set a $23.00 price target on Kraft Heinz in a research note on Thursday, February 12th. Sanford C. Bernstein lifted their price target on Kraft Heinz from $24.00 to $27.00 and gave the company a "market perform" rating in a research note on Thursday, February 12th. UBS Group lifted their price target on Kraft Heinz from $23.00 to $24.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. Finally, Piper Sandler decreased their price target on Kraft Heinz from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $23.06.

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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