Measured Risk Portfolios Inc. Has $2.16 Million Position in Kraft Heinz Company $KHC

Measured Risk Portfolios Inc. increased its stake in Kraft Heinz Company (NASDAQ:KHCFree Report) by 32.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 95,855 shares of the company’s stock after acquiring an additional 23,306 shares during the period. Kraft Heinz comprises 2.4% of Measured Risk Portfolios Inc.’s investment portfolio, making the stock its 17th biggest position. Measured Risk Portfolios Inc.’s holdings in Kraft Heinz were worth $2,156,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Kraft Heinz by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after acquiring an additional 616,283 shares during the last quarter. Invesco Ltd. raised its holdings in Kraft Heinz by 10.5% during the 4th quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock worth $478,347,000 after purchasing an additional 1,870,310 shares during the last quarter. Auto Owners Insurance Co raised its holdings in Kraft Heinz by 3,034.1% during the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after purchasing an additional 15,951,271 shares during the last quarter. Norges Bank acquired a new position in Kraft Heinz during the 4th quarter valued at about $332,382,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kraft Heinz by 3.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,893,686 shares of the company’s stock valued at $239,922,000 after purchasing an additional 341,197 shares during the last quarter. Institutional investors and hedge funds 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 stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the sale, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BNP Paribas Exane lifted their price target on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Sanford C. Bernstein lowered shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. Evercore set a $23.00 price objective on shares of Kraft Heinz in a research note on Thursday. Wall Street Zen raised shares of Kraft Heinz from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $23.19.

Check Out Our Latest Stock Report on KHC

Kraft Heinz Price Performance

Kraft Heinz stock opened at $26.22 on Tuesday. The firm has a market capitalization of $31.09 billion, a P/E ratio of -5.40 and a beta of 0.09. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19. The business has a 50-day moving average of $24.22 and a 200-day moving average of $23.59. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHCGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.Kraft Heinz’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities analysts anticipate that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s dividend payout ratio is presently -32.92%.

Kraft Heinz Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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