Foster & Motley Inc. bought a new stake in Kraft Heinz Company (NASDAQ:KHC – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 110,971 shares of the company’s stock, valued at approximately $2,621,000.
Other institutional investors have also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC bought a new position in Kraft Heinz during the 1st quarter valued at about $27,000. Jessup Wealth Management Inc bought a new stake in Kraft Heinz in the fourth quarter worth about $27,000. Reflection Asset Management purchased a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $28,000. DV Equities LLC bought a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $29,000. Finally, New England Capital Financial Advisors LLC increased its stake in Kraft Heinz by 70.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after purchasing an additional 511 shares during the period. Institutional investors own 78.17% of the company’s stock.
Insider Activity at Kraft Heinz
In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, the insider directly owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.
Kraft Heinz Stock Up 0.3%
Kraft Heinz (NASDAQ:KHC – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, analysts expect that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.
Kraft Heinz Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a yield of 6.4%. Kraft Heinz’s payout ratio is currently -55.94%.
Analysts Set New Price Targets
A number of equities analysts have commented on KHC shares. Evercore set a $24.00 target price on shares of Kraft Heinz in a research note on Thursday, August 6th. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. UBS Group lifted their target price on Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. Finally, TD Cowen raised their price target on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $23.62.
Read Our Latest Research Report on Kraft Heinz
Kraft Heinz Company Profile
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.
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