Allworth Financial LP Makes New Investment in Kraft Heinz Company $KHC

Key Points

• Allworth Financial purchased 50,283 Kraft Heinz shares worth approximately $1.19 million during the second quarter. Institutional investors collectively own 78.17% of KHC.
• Kraft Heinz reported quarterly EPS of $0.56, beating estimates by $0.03, while revenue of $6.26 billion exceeded forecasts but declined 1.4% year over year. The company maintained FY2026 EPS guidance of $2.03–$2.09.
• The company declared a quarterly dividend of $0.40 per share, equivalent to an annualized $1.60 payout and a 6.3% yield. Despite the dividend, analyst sentiment remains cautious, with a consensus “Reduce” rating and average price target of $23.62 versus the stock’s $25.58 opening price.

Allworth Financial LP purchased a new stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 50,283 shares of the company's stock, valued at approximately $1,188,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in KHC. Graney & King LLC lifted its holdings in shares of Kraft Heinz by 20.5% during 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 period. New England Capital Financial Advisors LLC lifted its position in shares of Kraft Heinz by 70.2% in the 4th 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 during the period. Deseret Mutual Benefit Administrators lifted its position in shares of 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 purchasing an additional 515 shares during the period. Bridgewater Associates LP increased its position in shares of Kraft Heinz by 1.1% during the fourth 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 increased its position in shares of Kraft Heinz by 4.6% during the first 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 period. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

Shares of KHC opened at $25.58 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The stock has a 50-day moving average of $24.99 and a 200-day moving average of $23.89. The company has a market cap of $30.33 billion, a PE ratio of -8.94 and a beta of 0.08. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.10.

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, beating analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The firm's revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, equities research analysts predict that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz's dividend payout ratio is presently -55.94%.

Kraft Heinz News Summary

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Investment in key brands is showing early signs of improving market share, with volumes and earnings expected to recover in 2027 as spending initiatives gain traction. Emerging Markets are a notable growth driver, posting 8.5% organic sales growth and offering long-term expansion potential. The stock’s valuation is also viewed as reasonable. Kraft Heinz: Early Signs Of Turnaround Gaining Traction And Reasonable Valuation
• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $2.09 from $2.04, and increased estimates for Q2 and Q3 2027 and Q4 2027. These revisions support the view that current investments could produce better profitability beyond 2026. Kraft Heinz analyst estimates
• Neutral Sentiment: The FY2026 EPS forecast now stands at $2.06, matching consensus but below Zacks’ previous $2.08 estimate. FY2028 EPS is projected at $2.14, slightly below the prior $2.15 forecast, suggesting modest long-term revisions rather than a broad earnings reset.
• Negative Sentiment: Zacks lowered Q3 2026 EPS to $0.43 from $0.47, cut Q4 2026 EPS to $0.49 from $0.50, and reduced Q1 2027 EPS to $0.52 from $0.53. The revisions reflect expected pressure from higher brand investment and indicate that the turnaround may weigh on earnings before benefits appear.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KHC. JPMorgan Chase & Co. increased their price target on Kraft Heinz from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, July 15th. Weiss Ratings downgraded Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. 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 research report on Thursday, May 7th. Barclays raised their target price on Kraft Heinz from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Finally, BNP Paribas Exane lifted their target price on Kraft Heinz from $17.00 to $19.00 and gave the stock an "underperform" rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $23.62.

Insider Activity

In related news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction 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 owned 102,667 shares of the company's stock, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

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