44,612 Shares in Kraft Heinz Company $KHC Bought by E Fund Management Co. Ltd.

Key Points

• E Fund Management purchased 44,612 Kraft Heinz shares worth approximately $1.05 million, while institutional investors collectively own 78.17% of the company.
• Analyst sentiment remains cautious, with a consensus rating of “Reduce” and an average price target of $23.62; Kraft Heinz’s stock recently opened at $25.68.
• Kraft Heinz exceeded quarterly earnings and revenue expectations, reporting $0.56 in EPS and $6.26 billion in revenue, and declared a quarterly dividend of $0.40 per share, yielding about 6.2% annually.

E Fund Management Co. Ltd. purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,612 shares of the company's stock, valued at approximately $1,054,000.

A number of other large investors have also modified their holdings of the company. Graney & King LLC grew its position in Kraft Heinz by 20.5% in the 4th quarter. Graney & King LLC now owns 2,560 shares of the company's stock worth $62,000 after purchasing an additional 435 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Kraft Heinz by 1.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company's stock worth $718,000 after buying an additional 490 shares during the period. New England Capital Financial Advisors LLC boosted its position in shares of 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 buying an additional 511 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in Kraft Heinz by 6.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company's stock worth $201,000 after buying an additional 515 shares in the last quarter. Finally, Bridgewater Associates LP increased its position in Kraft Heinz by 1.1% in the 4th quarter. Bridgewater Associates LP now owns 52,833 shares of the company's stock valued at $1,281,000 after acquiring an additional 578 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

Insider Transactions at Kraft Heinz

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 stock was 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 in the company, valued at $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KHC. TD Cowen raised their price target on Kraft Heinz from $20.00 to $22.00 and gave the company a "hold" rating in a report on Thursday, August 6th. Wells Fargo & Company increased their target price 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. Sanford C. Bernstein cut shares of Kraft Heinz from a "market perform" rating to an "underperform" rating and lowered their target price for the company from $25.00 to $21.00 in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their price target on shares of Kraft Heinz from $21.00 to $22.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings lowered shares of Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $23.62.

Kraft Heinz Price Performance

NASDAQ KHC opened at $25.68 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $28.10. The company has a market cap of $30.45 billion, a PE ratio of -8.98 and a beta of 0.08. The stock's 50-day moving average price is $24.94 and its two-hundred day moving average price is $23.86.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its 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. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The business had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.18 billion. During the same quarter last year, the firm posted $0.69 earnings per share. Kraft Heinz's revenue was down 1.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, analysts predict that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Dividend Announcement

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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz's payout ratio is presently -55.94%.

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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