Wealthfront Advisers LLC Acquires New Shares in Kraft Heinz Company $KHC

Wealthfront Advisers LLC bought a new position in shares of Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 363,620 shares of the company’s stock, valued at approximately $8,589,000.

Other institutional investors have also added to or reduced their stakes in the company. Jessup Wealth Management Inc bought a new stake in shares of Kraft Heinz in the 4th quarter valued at about $27,000. Reflection Asset Management purchased a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $28,000. DV Equities LLC bought a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Kraft Heinz during the first quarter valued at approximately $27,000. Finally, New England Capital Financial Advisors LLC increased its holdings in 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 valued at $30,000 after buying an additional 511 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

NASDAQ KHC opened at $25.68 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The stock’s fifty day moving average price is $24.94 and its 200 day moving average price is $23.86. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $28.10. The company has a market cap of $30.45 billion, a price-to-earnings ratio of -8.98 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, equities research analysts forecast that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, September 4th. Kraft Heinz’s dividend payout ratio (DPR) is presently -55.94%.

Insider Activity at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KHC. Evercore set a $24.00 target price on Kraft Heinz in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, May 7th. UBS Group boosted their price target on Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. Finally, Sanford C. Bernstein lowered Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their target price for the company from $25.00 to $21.00 in a research note on Wednesday, June 3rd. One 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, Kraft Heinz has an average rating of “Reduce” and a consensus target price of $23.62.

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.