Royce & Associates LP Acquires 85,000 Shares of Kraft Heinz Company $KHC

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Royce & Associates LP significantly increased its stake in Kraft Heinz Company, acquiring an additional 85,000 shares in Q3, bringing their total to 210,000 shares valued at $5.47 million. Despite institutional ownership of about 78.2%, the company faces mixed financial results, including a negative net margin and a consensus “Reduce” rating from analysts with a target price of $24.89. Kraft Heinz recently declared a quarterly dividend of $0.40, yielding 6.7%, but also reported a negative dividend payout ratio, and insiders have sold shares totaling over $3 million in recent months.

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