Sen. Gary C. Peters Buys Kraft Heinz Company (NASDAQ:KHC) Stock

Senator Gary C. Peters (Democratic-Michigan) recently bought shares of Kraft Heinz Company (NASDAQ:KHC). In a filing disclosed on June 11th, the Senator disclosed that they had bought between $1,001 and $15,000 in Kraft Heinz stock on May 21st.

Senator Gary C. Peters also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Corteva (NYSE:CTVA) on 4/23/2026.

Kraft Heinz Price Performance

NASDAQ:KHC traded down $0.38 during mid-day trading on Thursday, reaching $22.82. The stock had a trading volume of 21,024,093 shares, compared to its average volume of 12,975,261. The stock has a market capitalization of $27.06 billion, a P/E ratio of -4.70 and a beta of 0.08. The firm has a 50 day moving average price of $23.11 and a two-hundred day moving average price of $23.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 7.0%. Kraft Heinz’s payout ratio is presently -32.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BTIG Research started coverage on shares of Kraft Heinz in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Sunday, May 31st. Wells Fargo & Company reduced their price target on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating for the company in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz has a consensus rating of “Reduce” and a consensus price target of $22.69.

Hedge Funds Weigh In On Kraft Heinz

A number of hedge funds have recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its position in Kraft Heinz by 2.4% during the third quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock valued at $84,994,000 after purchasing an additional 77,045 shares during the period. Vanguard Group Inc. raised its stake in Kraft Heinz by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after buying an additional 616,283 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Kraft Heinz by 37.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock valued at $51,717,000 after buying an additional 540,532 shares during the period. Swiss Life Asset Management Ltd boosted its stake in shares of Kraft Heinz by 148.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after buying an additional 1,295,688 shares during the last quarter. Finally, Westhampton Capital LLC purchased a new position in shares of Kraft Heinz in the 4th quarter worth $1,222,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

About Senator Peters

Gary Peters (Democratic Party) is a member of the U.S. Senate from Michigan. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Peters (Democratic Party) ran for re-election to the U.S. Senate to represent Michigan. He won in the general election on November 3, 2020. Peters completed Ballotpedia’s Candidate Connection survey in 2020. Click here to read the survey answers. Peters was elected to the Senate in 2014. On May 1, 2013, Peters announced he would seek election to the United States Senate seat that was being vacated in 2014 by retiring Michigan Sen. Carl Levin. Peters ran unopposed in the Democratic primary on August 5, 2014, before he defeated Terri Lynn Land (R), Jim Fulner (Libertarian), Richard Matkin (U.S. Taxpayers), and Chris Wahmhoff (Green) in the general election on November 4, 2014. Peters was previously a member of the U.S. House of Representatives representing Michigan’s 9th Congressional District from 2009 to 2013 and Michigan’s 14th Congressional District from 2013 to 2015. He also served as Commissioner of the Michigan Lottery from 2003 to 2007. As of a 2014 analysis of multiple outside rankings, Peters is an average Democratic member of Congress, meaning he will vote with the Democratic Party on the majority of bills. On January 28, 2021, Senate Majority Leader Chuck Schumer (D-N.Y.) appointed Peters to head the Democratic Senatorial Campaign Committee for the 2022 campaign cycle. Peters was born in 1958 in Pontiac, Michigan. After graduating from Alma College in 1980, Peters went on to receive his M.B.A. from the University of Detroit and his J.D. from Wayne State University in 1985 and 1989, respectively. Prior to his political career, Peters worked as a professor and investment banker. He also served in the United States Naval Reserve from 1993 to 2000 and from 2001 to 2005.

Kraft Heinz Company Profile

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.