Kraft Heinz Company $KHC Shares Bought by PFG Investments LLC

PFG Investments LLC lifted its holdings in Kraft Heinz Company (NASDAQ:KHC) by 46.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 71,524 shares of the company’s stock after buying an additional 22,710 shares during the quarter. PFG Investments LLC’s holdings in Kraft Heinz were worth $1,609,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Graney & King LLC raised its stake in Kraft Heinz by 20.5% during the fourth quarter. Graney & King LLC now owns 2,560 shares of the company’s stock worth $62,000 after acquiring an additional 435 shares during the period. V Square Quantitative Management LLC boosted its stake in Kraft Heinz by 3.2% in the fourth quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock valued at $361,000 after acquiring an additional 458 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Kraft Heinz by 1.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock valued at $718,000 after purchasing an additional 490 shares during the last quarter. New England Capital Financial Advisors LLC grew its holdings 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 valued at $30,000 after purchasing an additional 511 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators raised its position in shares of Kraft Heinz by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock worth $201,000 after purchasing an additional 515 shares during the period. Institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. BTIG Research initiated coverage on shares of Kraft Heinz in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. BNP Paribas Exane upped their target price on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Finally, UBS Group raised their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Kraft Heinz has a consensus rating of “Reduce” and an average target price of $22.88.

Insider Transactions at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the transaction, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

Kraft Heinz Price Performance

KHC stock opened at $25.37 on Friday. The firm’s 50-day moving average is $23.39 and its two-hundred day moving average is $23.46. The company has a market capitalization of $30.08 billion, a price-to-earnings ratio of -5.22 and a beta of 0.09. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $29.19. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

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

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.92%.

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.