Sanctuary Advisors LLC purchased a new stake in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 45,101 shares of the company’s stock, valued at approximately $1,065,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Kraft Heinz during the 2nd quarter worth approximately $411,000. Te Ahumairangi Investment Management Ltd acquired a new stake in shares of Kraft Heinz during the second quarter valued at $3,592,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Kraft Heinz during the second quarter valued at $1,496,000. First Nebraska Trust Co purchased a new stake in Kraft Heinz during the 2nd quarter worth about $210,000. Finally, Bank of Nova Scotia purchased a new stake in Kraft Heinz during the 2nd quarter worth about $2,713,000. Institutional investors and hedge funds own 78.17% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have issued reports on KHC. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Weiss Ratings lowered shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Wells Fargo & Company boosted their price objective on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Barclays upped their price objective on shares of Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, BNP Paribas Exane raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of “Reduce” and an average price target of $23.62.
Kraft Heinz Stock Up 1.4%
Shares of NASDAQ:KHC opened at $25.13 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The firm has a market cap of $29.80 billion, a price-to-earnings ratio of -8.79 and a beta of 0.08. The stock’s 50-day moving average price is $25.14 and its two-hundred day moving average price is $23.91. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.09.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, research analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current year.
Kraft Heinz Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 6.4%. Kraft Heinz’s dividend payout ratio is -55.94%.
Insiders Place Their Bets
In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the transaction, the insider owned 102,667 shares of the company’s stock, valued at $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 this hyperlink. 0.24% of the stock is currently owned by corporate insiders.
Kraft Heinz 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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