Measured Risk Portfolios Inc. Has $1.86 Million Stake in Kraft Heinz Company $KHC

Measured Risk Portfolios Inc. lifted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 10.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 71,836 shares of the company’s stock after purchasing an additional 6,524 shares during the period. Kraft Heinz comprises approximately 1.8% of Measured Risk Portfolios Inc.’s portfolio, making the stock its 23rd largest holding. Measured Risk Portfolios Inc.’s holdings in Kraft Heinz were worth $1,855,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Kraft Heinz by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock worth $3,103,277,000 after purchasing an additional 11,472,071 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Kraft Heinz by 22.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company’s stock worth $318,933,000 after purchasing an additional 1,895,722 shares during the last quarter. Bank of New York Mellon Corp raised its position in Kraft Heinz by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company’s stock worth $248,665,000 after purchasing an additional 103,548 shares during the last quarter. Pacer Advisors Inc. raised its position in Kraft Heinz by 4,390.7% during the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock worth $226,523,000 after purchasing an additional 7,278,295 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Kraft Heinz by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,875,177 shares of the company’s stock worth $209,201,000 after purchasing an additional 350,067 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC opened at $26.06 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The stock has a 50-day moving average of $27.02 and a 200-day moving average of $27.56. The company has a market cap of $30.84 billion, a PE ratio of -5.80, a P/E/G ratio of 3.04 and a beta of 0.16. Kraft Heinz Company has a one year low of $25.35 and a one year high of $36.31.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, equities research analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 29th were paid a $0.40 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.1%. Kraft Heinz’s dividend payout ratio (DPR) is currently -35.63%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. UBS Group set a $28.00 target price on Kraft Heinz and gave the stock a “neutral” rating in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Saturday, September 27th. Hsbc Global Res raised Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. Morgan Stanley set a $29.00 price objective on Kraft Heinz and gave the stock an “equal weight” rating in a research report on Wednesday, September 3rd. Finally, Stifel Nicolaus lowered their price objective on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $29.76.

Insider Activity at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the sale, the director directly owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by corporate insiders.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.