30,586 Shares in Kraft Heinz Company $KHC Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC purchased a new stake in Kraft Heinz Company (NASDAQ:KHC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,586 shares of the company’s stock, valued at approximately $670,000.

Several other institutional investors and hedge funds also recently modified their holdings of KHC. Ashton Thomas Private Wealth LLC acquired a new position in Kraft Heinz during the first quarter worth $207,000. Woodline Partners LP grew its stake in shares of Kraft Heinz by 39.0% in the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after buying an additional 20,690 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Kraft Heinz by 16.6% in the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after acquiring an additional 7,307 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after purchasing an additional 4,003 shares during the last quarter. Finally, HUB Investment Partners LLC acquired a new stake in Kraft Heinz in the 2nd quarter valued at about $207,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the business’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 transaction, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $25.88 on Friday. The company has a market capitalization of $30.69 billion, a PE ratio of -5.33 and a beta of 0.09. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $29.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The company has a 50 day simple moving average of $23.91 and a two-hundred day simple moving average of $23.52.

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 negative net margin of 23.05% and a positive return on equity of 7.26%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. During the same quarter in the previous year, the business earned $0.62 earnings per share. Kraft Heinz’s revenue for the quarter 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 anticipate that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KHC. Wall Street Zen upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Morgan Stanley set a $22.00 price target on Kraft Heinz in a report on Thursday, April 23rd. Jefferies Financial Group decreased their price objective on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Sanford C. Bernstein lowered Kraft Heinz from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. Finally, BNP Paribas Exane raised their target price on shares of Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a report on Tuesday, June 30th. One research 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 MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and an average price target of $23.12.

Kraft Heinz 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.