131,920 Shares in Kraft Heinz Company $KHC Purchased by Bryn Mawr Trust Advisors LLC

Key Points

• Bryn Mawr Trust Advisors acquired 131,920 Kraft Heinz shares worth approximately $3.12 million in the second quarter, while institutional investors collectively own 78.17% of the company.
• Kraft Heinz exceeded quarterly earnings and revenue expectations, reporting $0.56 EPS and $6.26 billion in revenue, though revenue declined 1.4% year over year and full-year guidance is $2.03–$2.09 EPS.
• The company declared a quarterly dividend of $0.40 per share, implying a 6.3% annualized yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $23.62.

Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 131,920 shares of the company's stock, valued at approximately $3,116,000.

Several other large investors have also bought and sold shares of KHC. Ashton Thomas Private Wealth LLC bought a new stake in shares of Kraft Heinz during the first quarter valued at approximately $207,000. Woodline Partners LP lifted its position in Kraft Heinz by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company's stock valued at $2,243,000 after acquiring an additional 20,690 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Kraft Heinz by 16.6% during the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company's stock valued at $1,323,000 after purchasing an additional 7,307 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company's stock valued at $13,482,000 after purchasing an additional 4,003 shares during the last quarter. Finally, HUB Investment Partners LLC bought a new stake in shares of Kraft Heinz in the 2nd quarter worth $207,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the business's 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 approximately $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.24% of the company's stock.

Kraft Heinz Stock Up 0.5%

Kraft Heinz stock opened at $25.51 on Friday. The stock has a market cap of $30.25 billion, a PE ratio of -8.92 and a beta of 0.08. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.10. The stock has a fifty day moving average of $24.86 and a 200 day moving average of $23.82.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, sell-side analysts predict that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. Kraft Heinz's dividend payout ratio (DPR) is presently -55.94%.

Wall Street Analyst Weigh In

KHC has been the subject of several recent analyst reports. Piper Sandler boosted their price target on Kraft Heinz from $24.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Wall Street Zen downgraded Kraft Heinz from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Wells Fargo & Company boosted their target price on Kraft Heinz from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 8th. 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 research note on Thursday, May 7th. Finally, Sanford C. Bernstein downgraded shares of Kraft Heinz from a "market perform" rating to an "underperform" rating and dropped their price target for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $23.62.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source