SteelPeak Wealth LLC bought a new position in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,685 shares of the company’s stock, valued at approximately $825,000.
Other hedge funds also recently added to or reduced their stakes in the company. Jessup Wealth Management Inc purchased a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $27,000. Reflection Asset Management acquired a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $28,000. DV Equities LLC purchased a new position in Kraft Heinz in the 4th quarter valued at approximately $29,000. Key Capital Management INC acquired a new position in Kraft Heinz during the fourth quarter worth $29,000. Finally, New England Capital Financial Advisors LLC boosted its position in Kraft Heinz by 70.2% during 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 in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have weighed in on KHC. Deutsche Bank Aktiengesellschaft upped their target price on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. boosted their price objective on shares of Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday. UBS Group increased their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley set a $22.00 target price on shares of Kraft Heinz in a report on Thursday, April 23rd. Finally, Piper Sandler upped their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. One 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. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of “Reduce” and an average target price of $23.12.
Insider Transactions at Kraft Heinz
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 value 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. The trade was a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.
Kraft Heinz Trading Down 1.3%
Kraft Heinz stock opened at $25.88 on Friday. The stock has a 50-day moving average price of $23.91 and a 200 day moving average price of $23.52. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $29.19. The stock has a market cap of $30.69 billion, a PE ratio of -5.33 and a beta of 0.09. 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:KHC – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. During the same period in the prior year, the firm earned $0.62 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts predict that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.
Kraft Heinz Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a dividend of $0.40 per share. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.2%. Kraft Heinz’s dividend payout ratio (DPR) is -32.92%.
About Kraft Heinz
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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