Kraft Heinz Company $KHC Shares Sold by Empowered Funds LLC

Key Points

• Empowered Funds LLC reduced its Kraft Heinz stake by 45.3% in the first quarter, selling 42,542 shares and retaining 51,382 shares valued at approximately $1.16 million. Institutional investors collectively own 78.17% of the company.
• Kraft Heinz exceeded quarterly earnings and revenue expectations, reporting EPS of $0.56 on $6.26 billion in revenue, but sales declined 1.4% year over year and the company posted a large impairment-driven net loss.
• The company maintained its $0.40 quarterly dividend, implying a 6.3% annualized yield, while analysts remain cautious: the consensus rating is “Reduce” with an average price target of $23.62.

Empowered Funds LLC cut its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 45.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,382 shares of the company's stock after selling 42,542 shares during the period. Empowered Funds LLC's holdings in Kraft Heinz were worth $1,156,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jessup Wealth Management Inc acquired a new position in Kraft Heinz during the fourth quarter worth $27,000. Reflection Asset Management acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at about $28,000. DV Equities LLC purchased a new stake in shares of Kraft Heinz during the fourth quarter worth about $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Kraft Heinz during the first quarter worth about $27,000. Finally, Key Capital Management INC acquired a new position in shares of Kraft Heinz during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Insider Buying and Selling

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the business's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. The trade was a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

Kraft Heinz Trading Up 1.4%

Shares of Kraft Heinz stock opened at $25.32 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.82. The stock's 50 day simple moving average is $24.65 and its 200-day simple moving average is $23.76. The stock has a market cap of $30.03 billion, a P/E ratio of -8.85 and a beta of 0.08. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $28.10.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The company had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.18 billion. During the same period in the prior year, the business earned $0.69 EPS. The firm's quarterly 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. Analysts predict that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. Kraft Heinz's payout ratio is -55.94%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Kraft Heinz from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, July 15th. UBS Group raised their target price on Kraft Heinz from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday. Piper Sandler lifted their price target on Kraft Heinz from $24.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday. Sanford C. Bernstein cut Kraft Heinz from a "market perform" rating to an "underperform" rating and dropped their price target for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. Finally, Morgan Stanley set a $22.00 price objective on Kraft Heinz in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $23.62.

More Kraft Heinz News

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Quarterly results exceeded expectations: Kraft Heinz reported Q2 sales of approximately $6.26 billion and adjusted EPS of $0.56, ahead of consensus estimates of $6.18 billion and $0.53, respectively. The company also maintained its 2026 adjusted EPS outlook of $2.03–$2.09. Kraft Heinz Q2 Earnings Beat Estimates Despite Organic Sales Dip
• Positive Sentiment: Early signs of stabilization are encouraging: Management said consumption trends and market share are improving, with losses narrowing to 30 basis points. Kraft Heinz plans to add $100 million in second-half marketing investment to support brand momentum and pursue volume-led growth in 2027. KHC Q2 Earnings Call Raises Brand Spending on Early Traction
• Positive Sentiment: Credit outlook improved: JPMorgan upgraded Kraft Heinz’s credit recommendation to Overweight, citing better results, disciplined balance-sheet management and confidence that the company can fund brand investment while controlling leverage. JPMorgan Upgrades Kraft Heinz Credit to Overweight
• Neutral Sentiment: Income support remains intact: Kraft Heinz declared a quarterly dividend of $0.40 per share, preserving an annualized payout of $1.60. The high yield may attract income investors, although it also reflects concerns about the company’s growth and valuation. 3 Big Dividends and One Case Study in How a Yield Trap Ends
• Negative Sentiment: Headline results were severely distorted: Kraft Heinz posted a net loss of roughly $5.46 billion, primarily because of goodwill and intangible-asset impairment charges totaling about $7.4 billion. Although noncash, the write-down highlights weaker expectations for certain brands and weighs on confidence. Kraft Heinz Is Down After Massive Impairment-Fueled Loss
• Negative Sentiment: Turnaround costs and weak demand remain risks: Organic sales declined, while inflation, lower volumes and increased marketing and innovation spending are expected to make 2026 the company’s margin trough. Analysts therefore characterize the recovery as promising but cautious rather than established. Kraft Heinz Earnings Call Signals Cautious Turnaround

Kraft Heinz 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.

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