Jupiter Topco LLC Takes Position in Kraft Heinz Company $KHC

Key Points

• Jupiter Topco purchased 107,535 Kraft Heinz shares worth approximately $2.54 million in the second quarter, while institutional investors collectively own 78.17% of the company.
• Analyst sentiment remains cautious: Kraft Heinz has a consensus rating of “Reduce” and an average price target of $23.33, below its reported opening price of $26.26.
• Kraft Heinz beat quarterly earnings and revenue estimates, but revenue fell 1.4% year over year. The company declared a quarterly dividend of $0.40, representing a 6.1% annualized yield.

Jupiter Topco LLC purchased a new stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 107,535 shares of the company's stock, valued at approximately $2,538,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jessup Wealth Management Inc purchased a new stake in Kraft Heinz in the 4th quarter valued at about $27,000. Reflection Asset Management purchased a new position in shares of Kraft Heinz in the 4th quarter worth approximately $28,000. DV Equities LLC purchased a new position in shares of Kraft Heinz in the 4th quarter worth approximately $29,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Kraft Heinz in the first quarter valued at approximately $27,000. Finally, Hara Capital LLC bought a new position in shares of Kraft Heinz in the second quarter valued at approximately $29,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the company's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KHC. Deutsche Bank Aktiengesellschaft lifted their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a report on Thursday, May 7th. UBS Group upped 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. JPMorgan Chase & Co. raised 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. Barclays lifted their target price on Kraft Heinz from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Finally, BNP Paribas Exane boosted their price target on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an "underperform" rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $23.33.

Kraft Heinz Trading Up 1.5%

Shares of KHC stock opened at $26.26 on Thursday. 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 firm has a market cap of $31.14 billion, a P/E ratio of -9.18, a PEG ratio of 3.14 and a beta of 0.09. The company has a 50 day moving average of $25.40 and a 200-day moving average of $23.95. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month 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 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 business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. Kraft Heinz'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. Sell-side analysts anticipate that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, September 4th. This represents a $1.60 annualized dividend and a dividend yield of 6.1%. Kraft Heinz's 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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