Rayburn West Financial Services LLC Purchases Shares of 41,340 Kraft Heinz Company $KHC

Key Points

• Rayburn West Financial Services purchased 41,340 Kraft Heinz shares in the second quarter, valued at approximately $976,000. Institutional investors and hedge funds collectively own 78.17% of the company.
• Analyst sentiment remains cautious: KHC has an average rating of “Reduce”, with one Strong Buy, 12 Holds and five Sells, alongside an average price target of $23.62.
• Kraft Heinz exceeded quarterly earnings expectations with $0.56 EPS and $6.26 billion in revenue, but sales declined 1.4% year over year. The company declared a quarterly dividend of $0.40 per share, representing a 6.4% annualized yield.

Rayburn West Financial Services LLC purchased a new position in Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,340 shares of the company's stock, valued at approximately $976,000.

Several other hedge funds have also recently modified their holdings of the stock. Jessup Wealth Management Inc acquired a new stake in Kraft Heinz in the 4th quarter worth approximately $27,000. Reflection Asset Management acquired a new position in Kraft Heinz during the 4th quarter valued at approximately $28,000. DV Equities LLC purchased a new position in shares of Kraft Heinz in the fourth quarter worth $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Kraft Heinz during the first quarter worth $27,000. Finally, New England Capital Financial Advisors LLC lifted its stake in shares of Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company's stock worth $30,000 after buying an additional 511 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on KHC shares. Morgan Stanley set a $22.00 target price on Kraft Heinz in a research report on Thursday, April 23rd. Weiss Ratings downgraded Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their price objective on Kraft Heinz from $21.00 to $22.00 and gave the company an "underweight" rating in a report on Wednesday, July 15th. Zacks Research raised Kraft Heinz from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $23.62.

Insiders Place Their Bets

In related news, insider Diana Frost sold 18,502 shares of the firm'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 in the company, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company's stock.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $24.82 on Wednesday. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.10. 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 firm has a market cap of $29.43 billion, a price-to-earnings 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 (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The company's revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Research analysts expect that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, September 4th. Kraft Heinz's dividend payout ratio (DPR) is currently -55.94%.

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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