Corient Private Wealth LP raised its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 430.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 732,493 shares of the company's stock after purchasing an additional 594,297 shares during the period. Corient Private Wealth LP owned about 0.06% of Kraft Heinz worth $17,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Jessup Wealth Management Inc purchased a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $27,000. Reflection Asset Management purchased a new stake in shares of Kraft Heinz during the 4th quarter worth $28,000. DV Equities LLC purchased a new stake in shares of Kraft Heinz during the 4th quarter worth $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Kraft Heinz during the first quarter worth $27,000. Finally, New England Capital Financial Advisors LLC increased its holdings 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 valued at $30,000 after buying an additional 511 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.
Insider Buying and Selling at Kraft Heinz
In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the 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 document filed with the SEC, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts recently issued reports on KHC shares. Weiss Ratings downgraded Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. TD Cowen raised their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a research report on Thursday, August 6th. Evercore set a $24.00 price objective on Kraft Heinz in a research note on Thursday, August 6th. BNP Paribas Exane lifted their price objective on shares of Kraft Heinz from $17.00 to $19.00 and gave the company an "underperform" rating in a research report on Tuesday, June 30th. Finally, UBS Group raised their target price on shares of Kraft Heinz from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $23.62.
Read Our Latest Report on KHC
Kraft Heinz Stock Up 2.3%
Shares of NASDAQ KHC opened at $25.70 on Friday. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.09. 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 firm's 50-day moving average is $25.19 and its two-hundred day moving average is $23.93. The company has a market capitalization of $30.48 billion, a PE ratio of -8.99 and a beta of 0.08.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Equities analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.
Kraft Heinz Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 6.2%. Kraft Heinz's payout ratio is -55.94%.
About Kraft Heinz
(
Free Report)
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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