ProShare Advisors LLC Sells 1,107,064 Shares of Kraft Heinz Company $KHC

Key Points

• ProShare Advisors cut its Kraft Heinz position by 89.1% in the third quarter, selling 1,107,064 shares and retaining 134,808 shares valued at about $3.06 million.
• Analyst sentiment is cautious: one analyst rates the stock Buy, 10 Hold and five Sell, for a consensus “Reduce” rating and an average price target of $23.80.
• Kraft Heinz reported quarterly EPS of $0.53, beating the $0.42 estimate, and revenue of $6.12 billion, slightly above forecasts; however, revenue fell 2% year over year. The company declared a quarterly dividend of $0.40 per share, equivalent to a 6.3% yield.

ProShare Advisors LLC lowered its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 89.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,808 shares of the company's stock after selling 1,107,064 shares during the quarter. ProShare Advisors LLC's holdings in Kraft Heinz were worth $3,063,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KHC. Cassaday & Co Wealth Management LLC bought a new stake in shares of Kraft Heinz during the 1st quarter valued at about $27,000. Hara Capital LLC acquired a new stake in Kraft Heinz during the second quarter worth approximately $29,000. Reyes Financial Architecture Inc. grew its stake in Kraft Heinz by 5,820.8% during the third quarter. Reyes Financial Architecture Inc. now owns 1,421 shares of the company's stock worth $32,000 after purchasing an additional 1,397 shares during the period. Fiduciary Financial Advisors bought a new stake in Kraft Heinz in the second quarter worth approximately $33,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Kraft Heinz in the second quarter worth approximately $34,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Evercore set a $24.00 price target on Kraft Heinz in a research note on Thursday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $32.00 price objective on shares of Kraft Heinz in a research report on Thursday, September 24th. Jefferies Financial Group reaffirmed a "hold" rating and set a $24.00 price objective on shares of Kraft Heinz in a research report on Wednesday. Piper Sandler lifted 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. Finally, Barclays dropped their target price on shares of Kraft Heinz from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Friday, October 16th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $23.80.

More Kraft Heinz News

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

• Positive Sentiment: Quarterly results and outlook topped expectations. Third-quarter adjusted EPS was $0.53 versus estimates of about $0.42, while revenue of $6.12 billion slightly exceeded forecasts. Kraft Heinz also raised its 2026 earnings outlook, with reports noting an improved sales forecast. Article: Kraft Heinz earnings beat estimates despite falling sales
• Positive Sentiment: Coffee divestiture sharpens the portfolio and could help reduce debt. Kraft Heinz agreed to sell its North American coffee business to One Rock at a $650 million enterprise value, retaining a 30% stake. The company says the move will focus resources on core brands; proceeds are expected to support debt reduction. Article: Kraft Heinz to Sell Coffee Unit to Refocus on Other Brands
• Positive Sentiment: An analyst sees improving trends. RBC cited better sales, market-share and volume trends across regions, suggesting a possible sales inflection in 2027. Article: Kraft Heinz's Improving Trends Point to 2027 Sales Inflection, RBC Says
• Neutral Sentiment: Board additions bring retail and finance experience. Kelly Dilts and former Kroger finance chief Mike Schlotman joined the board. Article: Kraft Heinz adds Nordstrom CFO, ex-Kroger finance chief to board
• Negative Sentiment: Underlying pressures temper the upbeat news. Revenue fell 2% year over year and EPS was below the year-ago level. Management also flagged inflation above 5%, a sluggish U.S. retail recovery and likely 2027 price increases—risks to demand and margins. Article: KHC Q3 Earnings Call Highlights Turnaround and Inflation Pressures

Kraft Heinz Trading Down 0.3%

NASDAQ KHC opened at $25.36 on Friday. The company has a market cap of $30.07 billion, a price-to-earnings ratio of -8.87, a P/E/G ratio of 2.99 and a beta of 0.12. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $28.09. The business has a 50 day moving average price of $24.02 and a 200-day moving average price of $23.91. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.11. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The company had revenue of $6.12 billion for the quarter, compared to analysts' expectations of $6.09 billion. During the same period last year, the business earned $0.61 EPS. Kraft Heinz's quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts expect that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Friday, December 4th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, December 4th. Kraft Heinz's payout ratio is -55.94%.

Kraft Heinz Profile

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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