Kraft Heinz Company $KHC Stock: CWA Asset Management Group LLC Increases Position

Key Points

• CWA Asset Management increased its Kraft Heinz stake by 17.1% in the third quarter, bringing its holdings to 300,708 shares valued at approximately $6.8 million. Institutional investors collectively own 78.17% of KHC.
• Kraft Heinz reported quarterly earnings of $0.56 per share, beating the $0.53 consensus estimate, while revenue of $6.26 billion exceeded expectations but declined 1.4% year over year.
• The company pays a quarterly dividend of $0.40, equivalent to $1.60 annually and a 6.9% yield. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $23.75.

CWA Asset Management Group LLC lifted its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 17.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 300,708 shares of the company's stock after acquiring an additional 43,896 shares during the period. CWA Asset Management Group LLC's holdings in Kraft Heinz were worth $6,832,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Kraft Heinz in the second quarter worth about $1,803,911,000. Pacer Advisors Inc. boosted its holdings in shares of Kraft Heinz by 7.3% in the 1st quarter. Pacer Advisors Inc. now owns 9,270,503 shares of the company's stock valued at $208,494,000 after buying an additional 633,645 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Kraft Heinz by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,944,618 shares of the company's stock valued at $178,663,000 after buying an additional 149,034 shares in the last quarter. Nykredit A S bought a new stake in shares of Kraft Heinz in the 2nd quarter valued at about $181,408,000. Finally, Deutsche Bank AG purchased a new position in shares of Kraft Heinz in the 2nd quarter worth approximately $179,876,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $23.18 on Tuesday. 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 $27.49 billion, a PE ratio of -8.10, a P/E/G ratio of 2.99 and a beta of 0.12. The business has a 50-day simple moving average of $24.19 and a two-hundred day simple moving average of $24.01. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $28.09.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The company'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, equities analysts expect that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.9%. Kraft Heinz's dividend payout ratio (DPR) is currently -55.94%.

Analysts Set New Price Targets

KHC has been the subject of several recent analyst reports. Evercore set a $24.00 price objective on shares of Kraft Heinz in a research note on Thursday, August 6th. BNP Paribas Exane increased their target price 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. Piper Sandler raised their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kraft Heinz from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $23.75.

Kraft Heinz Company Profile

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

The company's brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.

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