Alyeska Investment Group L.P. Takes Position in Kraft Heinz Company $KHC

Alyeska Investment Group L.P. bought a new stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 83,322 shares of the company's stock, valued at approximately $1,968,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jessup Wealth Management Inc bought a new stake in shares of Kraft Heinz in the fourth quarter worth $27,000. Reflection Asset Management bought a new position in Kraft Heinz during the 4th quarter worth $28,000. DV Equities LLC bought a new position in Kraft Heinz during the 4th quarter worth $29,000. Cassaday & Co Wealth Management LLC acquired a new position in Kraft Heinz during the 1st quarter worth about $27,000. Finally, Hara Capital LLC acquired a new position in Kraft Heinz during the 2nd quarter worth about $29,000. Institutional investors own 78.17% of the company's stock.

Insiders Place Their Bets

In related 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 completion of the sale, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BNP Paribas Exane increased their price target on Kraft Heinz from $17.00 to $19.00 and gave the stock an "underperform" rating in a report on Tuesday, June 30th. Wells Fargo & Company lifted their price objective on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 8th. TD Cowen boosted their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a "hold" rating in a research report on Thursday, August 6th. Piper Sandler increased their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings cut shares of Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Kraft Heinz currently has an average rating of "Reduce" and an average target price of $23.62.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $25.87 on Wednesday. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $28.09. The company's 50 day moving average price is $25.33 and its two-hundred day moving average price is $23.93. The stock has a market cap of $30.68 billion, a P/E ratio of -9.05 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 released 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 positive return on equity of 7.10% and a negative net margin of 13.64%.The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the company posted $0.69 earnings per share. Kraft Heinz's quarterly revenue was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, equities analysts predict that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 6.2%. Kraft Heinz's dividend payout ratio 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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