Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of The Kraft Heinz Company NASDAQ: KHC. In a filing disclosed on May 31st, the Representative disclosed that they had bought between $1,001 and $15,000 in Kraft Heinz stock on May 15th. 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 Zimmer Biomet NYSE: ZBH on 5/15/2025.
- Sold $15,001 - $50,000 in shares of Elevance Health NYSE: ELV on 5/15/2025.
- Sold $15,001 - $50,000 in shares of PepsiCo NASDAQ: PEP on 5/15/2025.
- Sold $1,001 - $15,000 in shares of WEC Energy Group NYSE: WEC on 5/15/2025.
- Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/15/2025.
- Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 5/15/2025.
- Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 5/15/2025.
- Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 5/15/2025.
- Sold $1,001 - $15,000 in shares of International Flavors & Fragrances NYSE: IFF on 5/15/2025.
- Purchased $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 5/15/2025.
Kraft Heinz Stock Performance
Shares of Kraft Heinz stock traded down $0.09 on Wednesday, reaching $26.70. 14,244,651 shares of the stock were exchanged, compared to its average volume of 9,515,935. The business has a 50 day moving average price of $28.48 and a two-hundred day moving average price of $29.68. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a twelve month low of $26.01 and a twelve month high of $36.53. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.02 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The business's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 EPS. Analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.
Kraft Heinz Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.99%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz's payout ratio is 73.06%.
Institutional Investors Weigh In On Kraft Heinz
Hedge funds have recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $2,048,000. Versant Capital Management Inc increased its stake in shares of Kraft Heinz by 493.4% in the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock worth $376,000 after acquiring an additional 10,272 shares during the last quarter. Banque Pictet & Cie SA boosted its position in shares of Kraft Heinz by 10.8% during the 4th quarter. Banque Pictet & Cie SA now owns 90,000 shares of the company's stock valued at $2,764,000 after acquiring an additional 8,787 shares during the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at about $287,000. Finally, GFS Advisors LLC acquired a new stake in Kraft Heinz during the fourth quarter worth about $3,411,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on KHC shares. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a report on Friday, May 9th. The Goldman Sachs Group lowered their price objective on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research report on Thursday, February 13th. Citigroup reiterated a "sell" rating and issued a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Bank of America downgraded shares of Kraft Heinz from a "buy" rating to an "underperform" rating and lowered their price target for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Finally, Sanford C. Bernstein cut shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. Four analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $30.53.
View Our Latest Stock Analysis on KHC
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
(
Get Free Report)
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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