Alpine Woods Capital Investors LLC Purchases Shares of 102,869 Kraft Heinz Company $KHC

Key Points

• Alpine Woods Capital Investors acquired 102,869 Kraft Heinz shares worth approximately $2.43 million in the second quarter. Institutional investors and hedge funds collectively own 78.17% of the company.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $23.62; recent targets range from $22 to $27.
• Kraft Heinz exceeded quarterly earnings and revenue expectations, but sales fell 1.4% year over year. The company declared a quarterly dividend of $0.40, equivalent to a 6.4% annualized yield.

Alpine Woods Capital Investors LLC 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 102,869 shares of the company's stock, valued at approximately $2,430,000.

A number of other large investors have also made changes to their positions in the stock. Graney & King LLC grew its position 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 valued at $62,000 after purchasing an additional 435 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Kraft Heinz by 1.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company's stock worth $718,000 after acquiring an additional 490 shares during the last quarter. New England Capital Financial Advisors LLC boosted its position in shares of 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 worth $30,000 after acquiring an additional 511 shares during the last quarter. Deseret Mutual Benefit Administrators grew its holdings 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 purchasing an additional 515 shares during the period. Finally, Bridgewater Associates LP grew its holdings in Kraft Heinz by 1.1% in the fourth quarter. Bridgewater Associates LP now owns 52,833 shares of the company's stock valued at $1,281,000 after purchasing an additional 578 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a report on Thursday, May 7th. JPMorgan Chase & Co. increased their target price 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. Zacks Research upgraded shares of Kraft Heinz from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 21st. Evercore set a $24.00 price objective on shares of Kraft Heinz in a research note on Thursday, August 6th. Finally, UBS Group increased their price objective on shares of Kraft Heinz from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. One research 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $23.62.

Insider Activity at Kraft Heinz

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

Kraft Heinz Price Performance

KHC stock opened at $24.82 on Wednesday. The stock's 50 day moving average is $24.91 and its two-hundred day moving average is $23.84. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $28.10. The company has a market capitalization of $29.43 billion, a PE ratio of -8.68 and a beta of 0.08. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. 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 predict that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, September 4th. Kraft Heinz's dividend payout ratio (DPR) is presently -55.94%.

Kraft Heinz 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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