91,583 Shares in Kraft Heinz Company $KHC Bought by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management bought 91,583 Kraft Heinz shares worth approximately $2.16 million, while institutional investors and hedge funds collectively own 78.17% of the stock.
• Analyst sentiment remains cautious: KHC carries an average “Reduce” rating and a consensus price target of $23.62, despite several brokerages recently raising their targets.
• Kraft Heinz reported quarterly EPS of $0.56, beating estimates, and revenue of $6.26 billion, though revenue declined 1.4% year over year. The company declared a quarterly dividend of $0.40, equivalent to a 6.2% annualized yield.

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 91,583 shares of the company's stock, valued at approximately $2,163,000.

A number of other hedge funds have also modified their holdings of KHC. Graney & King LLC raised its stake in shares of Kraft Heinz by 20.5% in the fourth 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. New England Capital Financial Advisors LLC boosted its position in Kraft Heinz by 70.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company's stock valued at $30,000 after buying an additional 511 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position in Kraft Heinz by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company's stock valued at $201,000 after buying an additional 515 shares during the last quarter. Bridgewater Associates LP increased its holdings in Kraft Heinz by 1.1% in the 4th quarter. Bridgewater Associates LP now owns 52,833 shares of the company's stock worth $1,281,000 after buying an additional 578 shares during the period. Finally, Cohen Investment Advisors LLC raised its position in Kraft Heinz by 4.6% during the 1st quarter. Cohen Investment Advisors LLC now owns 13,522 shares of the company's stock worth $304,000 after buying an additional 592 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on KHC. UBS Group lifted their price objective on shares of Kraft Heinz from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Wells Fargo & Company increased their price objective on shares of Kraft Heinz from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 8th. Piper Sandler boosted their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Barclays upped their price target on shares of Kraft Heinz from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. Finally, Sanford C. Bernstein downgraded Kraft Heinz from a "market perform" rating to an "underperform" rating and cut their price target for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. One equities 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 company. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $23.62.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the company's stock in a transaction dated 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 transaction, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.24% of the company's stock.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $25.67 on Tuesday. The stock has a market capitalization of $30.44 billion, a price-to-earnings ratio of -8.98 and a beta of 0.08. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $28.09. The firm's 50 day simple moving average is $25.03 and its 200-day simple moving average is $23.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The firm had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.18 billion. During the same period in the previous year, the business posted $0.69 EPS. The business'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. Analysts expect that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders 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 yield of 6.2%. Kraft Heinz's payout ratio is presently -55.94%.

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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