NorthRock Partners LLC Raises Stake in Kraft Heinz Company $KHC

NorthRock Partners LLC grew its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 184.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 652,700 shares of the company’s stock after acquiring an additional 423,429 shares during the quarter. NorthRock Partners LLC’s holdings in Kraft Heinz were worth $15,417,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Alyeska Investment Group L.P. purchased a new position in Kraft Heinz in the 2nd quarter worth approximately $1,968,000. OMERS ADMINISTRATION Corp bought a new stake in Kraft Heinz in the 2nd quarter worth $1,076,000. Swedbank AB increased its position in shares of Kraft Heinz by 10.2% in the fourth quarter. Swedbank AB now owns 1,359,161 shares of the company’s stock valued at $32,960,000 after acquiring an additional 125,307 shares during the period. AustralianSuper Pty Ltd increased its position in shares of Kraft Heinz by 68.7% in the fourth quarter. AustralianSuper Pty Ltd now owns 2,052,635 shares of the company’s stock valued at $49,776,000 after acquiring an additional 835,554 shares during the period. Finally, Franklin Street Advisors Inc. NC raised its stake in shares of Kraft Heinz by 70.2% during the second quarter. Franklin Street Advisors Inc. NC now owns 994,375 shares of the company’s stock valued at $23,487,000 after acquiring an additional 410,029 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the sale, the insider owned 102,667 shares in the company, 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 can be accessed through this link. 0.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. 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 report on Wednesday, July 8th. BNP Paribas Exane upped their price target on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research report on Tuesday, June 30th. Evercore set a $24.00 price objective on Kraft Heinz in a report on Thursday, August 6th. Weiss Ratings lowered Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Finally, UBS Group boosted their target price on Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $23.33.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $24.90 on Wednesday. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $28.09. The stock has a market capitalization of $29.53 billion, a P/E ratio of -8.71, a P/E/G ratio of 3.02 and a beta of 0.09. The company’s 50-day moving average is $25.50 and its 200 day moving average is $23.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68.

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

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors 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 6.4%. The ex-dividend date is Friday, September 4th. Kraft Heinz’s dividend payout ratio (DPR) is presently -55.94%.

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.