Core Capital Management & Research inc. Purchases Shares of 332,763 Kraft Heinz Company $KHC

Core Capital Management & Research inc. acquired a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 332,763 shares of the company's stock, valued at approximately $8,517,000. Kraft Heinz makes up approximately 4.5% of Core Capital Management & Research inc.'s investment portfolio, making the stock its 2nd biggest position.

Several other institutional investors have also modified their holdings of KHC. BlackRock Inc. acquired a new stake in Kraft Heinz during the 2nd quarter worth $1,803,911,000. California State Teachers Retirement System boosted its stake in Kraft Heinz by 2,805.5% in the second quarter. California State Teachers Retirement System now owns 38,073,220 shares of the company's stock valued at $899,289,000 after acquiring an additional 36,762,849 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Kraft Heinz by 10.5% during the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company's stock worth $478,347,000 after purchasing an additional 1,870,310 shares during the last quarter. Auto Owners Insurance Co increased its position in shares of Kraft Heinz by 3,034.1% during the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company's stock worth $39,957,000 after purchasing an additional 15,951,271 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Kraft Heinz during the fourth quarter worth about $332,382,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Insider Buying and Selling

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the company's stock in a transaction on 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 owned 102,667 shares in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company's stock.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $24.61 on Thursday. The stock's 50-day moving average price is $25.49 and its 200 day moving average price is $23.97. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $29.18 billion, a PE ratio of -8.60, a price-to-earnings-growth ratio of 3.03 and a beta of 0.09. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $28.09.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $6.18 billion. During the same period last year, the firm earned $0.69 EPS. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, equities research analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz's payout ratio is currently -55.94%.

Analysts Set New Price Targets

KHC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Kraft Heinz from $21.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, July 15th. BNP Paribas Exane lifted their price target on Kraft Heinz from $17.00 to $19.00 and gave the stock an "underperform" rating in a research report on Tuesday, June 30th. UBS Group boosted their price objective on Kraft Heinz from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Evercore set a $24.00 target price on shares of Kraft Heinz in a research report on Thursday, August 6th. Finally, Wall Street Zen cut shares of Kraft Heinz from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Kraft Heinz currently has a consensus rating of "Reduce" and an average price target of $23.33.

Kraft Heinz Profile

The Kraft Heinz Company NASDAQ: KHC is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers, foodservice operators and other customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, beverages, snacks and other packaged foods.

The company's well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House and Classico, among others.

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