Envestnet Asset Management Inc. Sells 633,658 Shares of Kraft Heinz Company $KHC

Core Insights - Envestnet Asset Management Inc. reduced its holdings in Kraft Heinz Company by 42.2% in Q3, owning 867,115 shares valued at approximately $22.58 million after selling 633,658 shares [2][6] - Institutional investors hold 78.17% of Kraft Heinz's stock, indicating strong institutional interest [3] Institutional Holdings - Ashton Thomas Private Wealth LLC acquired a new stake valued at about $207,000 in Q1 [3] - Woodline Partners LP increased its stake by 39.0% in Q1, now owning 73,700 shares worth $2.24 million [3] - IFP Advisors Inc. and Blue Trust Inc. also increased their stakes by 19.7% and 18.4% respectively in Q2 [3] - Yousif Capital Management LLC raised its stake by 1.3% in Q2, now holding shares worth $2.56 million [3] Analyst Ratings and Price Targets - Sanford C. Bernstein raised its price target from $24.00 to $27.00, maintaining a "market perform" rating [4] - BNP Paribas Exane lowered its target from $22.00 to $20.00, issuing an "underperform" rating [4] - Piper Sandler reduced its target from $27.00 to $26.00, maintaining a "neutral" rating [4] - The average consensus target price for Kraft Heinz is $25.16, with one "Strong Buy," sixteen "Hold," and four "Sell" ratings [4] Recent Company News - Insider Miguel Patricio sold 125,000 shares at an average price of $24.82, totaling approximately $3.10 million [5] - Kraft Heinz announced a quarterly dividend of $0.40 per share, yielding approximately 6.5% [9] - The company plans to invest around $950 million in capital spending for 2026, with $600 million committed to reviving growth [5] Financial Performance - Kraft Heinz reported Q4 earnings of $0.67 per share, exceeding estimates of $0.61, but revenue decreased by 3.4% year-over-year to $6.35 billion [8] - The company has set FY 2026 EPS guidance at $1.980 to $2.100, with analysts expecting an average EPS of $2.68 for the current year [8] Stock Performance - Kraft Heinz stock opened at $24.80, with a 50-day moving average of $24.01 and a 200-day moving average of $25.34 [7] - The stock has a market capitalization of $29.36 billion and a price-to-earnings ratio of -5.02 [7]