Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 2,175,789 Kraft Heinz Company $KHC

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,175,789 shares of the company’s stock, valued at approximately $51,392,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of Kraft Heinz at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Jessup Wealth Management Inc acquired a new stake in Kraft Heinz during the 4th quarter worth approximately $27,000. Reflection Asset Management purchased a new position in Kraft Heinz in the fourth quarter valued at approximately $28,000. DV Equities LLC acquired a new position in Kraft Heinz during the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in Kraft Heinz during the first quarter worth approximately $27,000. Finally, New England Capital Financial Advisors LLC grew its stake 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 worth $30,000 after buying an additional 511 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 3.5%

KHC opened at $25.68 on Thursday. The firm’s 50 day moving average is $24.94 and its 200-day moving average is $23.86. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $28.10. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $30.45 billion, a P/E ratio of -8.98 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Analysts expect that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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

Insider Buying and Selling at Kraft Heinz

In other 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 sale, the insider directly owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KHC shares. Barclays increased their price objective on shares of Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Sanford C. Bernstein cut shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. Weiss Ratings downgraded Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. BNP Paribas Exane boosted their price objective on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. Finally, TD Cowen upped their target price on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and an average price target 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.