Alamar Capital Management LLC Invests $1.18 Million in Kraft Heinz Company $KHC

Key Points

• Alamar Capital Management purchased 49,952 Kraft Heinz shares worth approximately $1.18 million in the second quarter. Institutional investors collectively own 78.17% of the company.
• Analyst sentiment remains cautious, with one Strong Buy, twelve Hold and five Sell ratings; the consensus rating is “Reduce”, with an average price target of $23.62.
• Kraft Heinz exceeded quarterly earnings and revenue expectations, reporting $0.56 EPS and $6.26 billion in revenue, but sales declined 1.4% year over year. The company declared a quarterly dividend of $0.40, implying a 6.4% annualized yield.

Alamar Capital Management LLC purchased a new stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 49,952 shares of the company's stock, valued at approximately $1,180,000.

A number of other institutional investors have also recently added to or reduced their stakes in KHC. Cassaday & Co Wealth Management LLC acquired a new position in Kraft Heinz during the first quarter worth about $27,000. Jessup Wealth Management Inc acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at approximately $27,000. Reflection Asset Management acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at approximately $28,000. DV Equities LLC purchased a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $29,000. Finally, New England Capital Financial Advisors LLC boosted its stake in shares of 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 worth $30,000 after acquiring an additional 511 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded Kraft Heinz from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. TD Cowen boosted their target price on Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a research report on Thursday, August 6th. Morgan Stanley set a $22.00 target price on Kraft Heinz in a report on Thursday, April 23rd. JPMorgan Chase & Co. raised their price target on Kraft Heinz from $21.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a research note on Thursday, May 7th. 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $23.62.

Kraft Heinz Price Performance

KHC stock opened at $24.82 on Wednesday. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $28.10. The firm has a market cap of $29.43 billion, a P/E ratio of -8.68 and a beta of 0.08. The stock's 50 day moving average price is $24.91 and its 200 day moving average price is $23.84. 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 (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate 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 was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, sell-side analysts expect that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 6.4%. Kraft Heinz's payout ratio is presently -55.94%.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the firm's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the sale, the insider directly owned 102,667 shares of the company's stock, valued at $2,366,474.35. This trade represents a 15.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company's stock.

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.

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