MASTERINVEST Kapitalanlage GmbH raised its holdings in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) by 141.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 67,321 shares of the company’s stock after acquiring an additional 39,439 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Kraft Heinz were worth $1,514,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KHC. Jessup Wealth Management Inc purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at approximately $27,000. Reflection Asset Management bought a new position in Kraft Heinz in the 4th quarter worth approximately $28,000. Key Capital Management INC purchased a new position in Kraft Heinz in the 4th quarter valued at approximately $29,000. DV Equities LLC purchased a new position in Kraft Heinz in the 4th quarter valued at approximately $29,000. Finally, New England Capital Financial Advisors LLC raised its holdings in Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after acquiring an additional 511 shares during the period. Institutional investors own 78.17% of the company’s stock.
Insiders Place Their Bets
In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of Kraft Heinz 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 completion of the sale, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by corporate insiders.
Kraft Heinz Price Performance
Kraft Heinz (NASDAQ:KHC – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. The firm had revenue of $6.05 billion for 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%.The company’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, research analysts forecast that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.
Kraft Heinz Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.
Analysts Set New Price Targets
Several research firms have issued reports on KHC. BTIG Research initiated coverage on Kraft Heinz in a research report on Monday, April 13th. They set a “neutral” rating on the stock. BNP Paribas Exane boosted their price objective on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, June 30th. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. UBS Group upped their price target on Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Morgan Stanley set a $22.00 price target on shares of Kraft Heinz in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and an average target price of $23.06.
Check Out 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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