Barrow Hanley Mewhinney & Strauss LLC Buys New Stake in Kraft Heinz Company $KHC

Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 63,357 shares of the company's stock, valued at approximately $1,496,000.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Kraft Heinz during the second quarter worth approximately $1,803,911,000. Auto Owners Insurance Co boosted its holdings in shares of Kraft Heinz by 3,034.1% in the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company's stock valued at $39,957,000 after buying an additional 15,951,271 shares in the last quarter. Norges Bank acquired a new position in shares of Kraft Heinz in the 4th quarter valued at $332,382,000. Deutsche Bank AG purchased a new position in shares of Kraft Heinz in the 2nd quarter valued at $179,876,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Kraft Heinz in the 2nd quarter valued at $170,097,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Piper Sandler boosted their price target 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. Deutsche Bank Aktiengesellschaft raised 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. Wells Fargo & Company lifted their target price on Kraft Heinz from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 8th. UBS Group upped their target price on Kraft Heinz from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Finally, BNP Paribas Exane upped their target price on Kraft Heinz from $17.00 to $19.00 and gave the company an "underperform" rating in a research report on Tuesday, June 30th. 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's stock. Based on data from MarketBeat.com, Kraft Heinz currently has an average rating of "Reduce" and an average price target of $23.62.

Insider Transactions at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the 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 transaction, the insider directly owned 102,667 shares of the company's stock, valued at $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.24% of the stock is owned by corporate insiders.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $25.67 on Tuesday. 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 fifty day moving average price of $25.03 and a 200 day moving average price of $23.90. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $28.09. The company has a market cap of $30.44 billion, a PE ratio of -8.98 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced 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 company had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. Kraft Heinz'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. Sell-side analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

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

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