Foster & Motley Inc. Invests $2.62 Million in Kraft Heinz Company $KHC

Key Points

• Foster & Motley acquired 110,971 Kraft Heinz shares worth approximately $2.62 million in the second quarter. Institutional investors collectively own 78.17% of the company.
• Kraft Heinz exceeded quarterly expectations with $0.56 in EPS versus the $0.53 consensus and $6.26 billion in revenue, although revenue declined 1.4% year over year.
• The company declared a quarterly dividend of $0.40, representing an annualized payout of $1.60 and a 6.4% yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $23.62.

Foster & Motley Inc. acquired a new stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 110,971 shares of the company's stock, valued at approximately $2,621,000.

Other institutional investors also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Kraft Heinz during the 1st quarter valued at about $27,000. Jessup Wealth Management Inc bought a new stake in Kraft Heinz during the fourth quarter valued at approximately $27,000. Reflection Asset Management bought a new stake in Kraft Heinz during the fourth quarter valued at approximately $28,000. DV Equities LLC purchased a new stake in Kraft Heinz during the fourth quarter valued at approximately $29,000. Finally, New England Capital Financial Advisors LLC raised its position in 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 period. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $24.82 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06. The company has a market cap of $29.43 billion, a P/E ratio of -8.68 and a beta of 0.08. The firm's fifty 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.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $6.18 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The business's 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. As a group, analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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

Insiders Place Their Bets

In related 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 sale, the insider 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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a "hold" rating in a research report on Thursday, May 7th. UBS Group boosted their price target on Kraft Heinz from $25.00 to $27.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Weiss Ratings cut Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. Wall Street Zen cut Kraft Heinz from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Sanford C. Bernstein lowered shares of Kraft Heinz from a "market perform" rating to an "underperform" rating and reduced their target price for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. One 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. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $23.62.

About Kraft Heinz

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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