BML Capital Management LLC Buys New Position in Kraft Heinz Company $KHC

BML Capital Management LLC bought a new stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 125,000 shares of the company's stock, valued at approximately $2,811,000. Kraft Heinz comprises approximately 1.8% of BML Capital Management LLC's holdings, making the stock its 11th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Auto Owners Insurance Co grew its position in shares of Kraft Heinz by 3,034.1% during the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company's stock valued at $39,957,000 after acquiring an additional 15,951,271 shares during the period. Norges Bank bought a new position in Kraft Heinz in the 4th quarter worth $332,382,000. Barclays PLC raised its holdings in Kraft Heinz by 77.8% in the 4th quarter. Barclays PLC now owns 8,973,146 shares of the company's stock worth $217,599,000 after purchasing an additional 3,926,141 shares during the period. Invesco Ltd. lifted its position in Kraft Heinz by 10.5% during the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company's stock valued at $478,347,000 after purchasing an additional 1,870,310 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Kraft Heinz by 127.6% during the first quarter. SG Americas Securities LLC now owns 3,319,277 shares of the company's stock valued at $74,651,000 after purchasing an additional 1,860,826 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KHC shares. Zacks Research upgraded Kraft Heinz from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 21st. Morgan Stanley set a $22.00 price objective on Kraft Heinz in a research report on Thursday, April 23rd. BNP Paribas Exane boosted their price objective on Kraft Heinz from $17.00 to $19.00 and gave the company an "underperform" rating in a research note on Tuesday, June 30th. Weiss Ratings reissued a "sell (d)" rating on shares of Kraft Heinz in a report on Tuesday, April 21st. Finally, Wells Fargo & Company raised their target price on shares of Kraft Heinz from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $23.12.

Insider Activity at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the business's 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 transaction, the insider 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.24% of the company's stock.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $26.23 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $29.19. The stock has a 50-day moving average price of $23.87 and a 200 day moving average price of $23.51. The stock has a market capitalization of $31.10 billion, a P/E ratio of -5.40 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. During the same quarter last year, the company earned $0.62 EPS. The firm's quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts forecast that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a dividend of $0.40 per share. The ex-dividend date was Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 6.1%. Kraft Heinz's dividend payout ratio (DPR) is presently -32.92%.

Kraft Heinz Company 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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