Kraft Heinz Company $KHC Shares Acquired by PFG Investments LLC

PFG Investments LLC boosted its position in Kraft Heinz Company (NASDAQ:KHC) by 46.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,524 shares of the company’s stock after acquiring 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 Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KHC. Schroder Investment Management Group grew its stake in Kraft Heinz by 2.4% during the third quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock worth $84,994,000 after buying an additional 77,045 shares during the period. Vanguard Group Inc. raised its stake in shares of Kraft Heinz by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after acquiring an additional 616,283 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Kraft Heinz by 37.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock valued at $51,717,000 after acquiring an additional 540,532 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in Kraft Heinz by 148.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after purchasing an additional 1,295,688 shares during the period. Finally, Westhampton Capital LLC purchased a new stake in Kraft Heinz during the 4th quarter worth $1,222,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Activity

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

Kraft Heinz Price Performance

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

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

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. Kraft Heinz’s payout ratio is presently -32.92%.

Analysts Set New Price Targets

A number of brokerages have commented on KHC. Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $25.00 to $21.00 in a research note on Wednesday, June 3rd. Wall Street Zen upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Saturday. Piper Sandler boosted their price target on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Morgan Stanley set a $22.00 price target on Kraft Heinz in a report on Thursday, April 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $22.88.

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.