Wealthfront Advisers LLC Acquires 56,506 Shares of Kraft Heinz Company $KHC

Wealthfront Advisers LLC raised its holdings in Kraft Heinz Company (NASDAQ:KHC) by 21.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,124 shares of the company’s stock after acquiring an additional 56,506 shares during the period. Wealthfront Advisers LLC’s holdings in Kraft Heinz were worth $7,245,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. MASTERINVEST Kapitalanlage GmbH lifted its holdings in shares of Kraft Heinz by 141.4% in the first quarter. MASTERINVEST Kapitalanlage GmbH now owns 67,321 shares of the company’s stock worth $1,514,000 after acquiring an additional 39,439 shares during the last quarter. SouthState Bank Corp grew its holdings in shares of Kraft Heinz by 90.7% during the 1st quarter. SouthState Bank Corp now owns 2,124 shares of the company’s stock valued at $48,000 after purchasing an additional 1,010 shares during the last quarter. Sigma Planning Corp grew its holdings in shares of Kraft Heinz by 45.6% during the 1st quarter. Sigma Planning Corp now owns 135,452 shares of the company’s stock valued at $3,046,000 after purchasing an additional 42,411 shares during the last quarter. Cornerstone Advisory LLC acquired a new position in Kraft Heinz during the 1st quarter worth approximately $234,000. Finally, RWWM Inc. lifted its stake in Kraft Heinz by 28.2% in the 1st quarter. RWWM Inc. now owns 3,204,598 shares of the company’s stock valued at $72,071,000 after purchasing an additional 704,198 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on KHC. TD Cowen dropped their price target on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, March 25th. Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Wall Street Zen upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Wells Fargo & Company increased their target price on shares of Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Finally, UBS Group increased their price target on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $23.12.

Insiders Place Their Bets

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the 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 completion of the transaction, the insider directly owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Down 1.3%

KHC opened at $25.88 on Friday. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $29.19. The company’s 50-day moving average is $23.91 and its 200 day moving average is $23.52. The firm has a market capitalization of $30.69 billion, a P/E ratio of -5.33 and a beta of 0.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82.

Kraft Heinz (NASDAQ:KHC) last released its earnings results 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 positive return on equity of 7.26% and a negative net margin of 23.05%.The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. During the same period in the prior year, the company posted $0.62 earnings per share. Kraft Heinz’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Research analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Friday, June 5th. Kraft Heinz’s payout ratio is presently -32.92%.

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.