Kraft Heinz (NASDAQ:KHC) Stock Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of The Kraft Heinz Company NASDAQ: KHC. In a filing disclosed on April 28th, the Representative disclosed that they had sold between $1,001 and $15,000 in Kraft Heinz stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Best Buy NYSE: BBY on 4/8/2025.
• Sold $1,001 - $15,000 in shares of EOG Resources NYSE: EOG on 4/8/2025.
• Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Valero Energy NYSE: VLO on 4/8/2025.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $28.87 on Wednesday. The company has a market capitalization of $34.45 billion, a P/E ratio of 12.77, a P/E/G ratio of 3.39 and a beta of 0.44. The business's 50-day moving average is $30.02 and its 200 day moving average is $30.81. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.72.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the prior year, the company earned $0.69 EPS. The company's quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.54%. Kraft Heinz's payout ratio is 70.80%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KHC shares. TD Cowen reduced their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Morgan Stanley initiated coverage on Kraft Heinz in a research report on Monday, March 24th. They set an "underweight" rating and a $29.00 price objective on the stock. Cfra Research cut shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $34.00 to $31.00 in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group cut their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to MarketBeat.com, Kraft Heinz currently has an average rating of "Hold" and an average price target of $30.69.

Institutional Investors Weigh In On Kraft Heinz

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz during the fourth quarter valued at $25,000. Generali Investments Management Co LLC bought a new stake in shares of Kraft Heinz in the 4th quarter valued at about $26,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Kraft Heinz in the 4th quarter valued at about $29,000. Rossby Financial LCC bought a new position in shares of Kraft Heinz during the first quarter valued at approximately $29,000. Finally, Wayfinding Financial LLC purchased a new position in Kraft Heinz during the first quarter valued at approximately $33,000. 78.17% of the stock is owned by institutional investors.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.

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