Praxis Investment Management Inc. Raises Stock Position in Kraft Heinz Company $KHC

Praxis Investment Management Inc. grew its holdings in Kraft Heinz Company (NASDAQ:KHC) by 50.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,325 shares of the company’s stock after purchasing an additional 20,858 shares during the quarter. Praxis Investment Management Inc.’s holdings in Kraft Heinz were worth $1,402,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Jessup Wealth Management Inc purchased 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 4th quarter valued at approximately $28,000. Key Capital Management INC acquired a new position in shares of Kraft Heinz in the fourth quarter worth $29,000. DV Equities LLC acquired a new position in shares of Kraft Heinz in the fourth quarter worth $29,000. Finally, New England Capital Financial Advisors LLC increased its position in shares of 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 acquiring an additional 511 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insiders Place Their Bets

In related news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the transaction, the insider directly owned 102,667 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by insiders.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $25.37 on Friday. The firm has a market capitalization of $30.08 billion, a PE ratio of -5.22 and a beta of 0.09. The business’s fifty day moving average price is $23.39 and its 200 day moving average price is $23.46. 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 Company has a 12 month low of $21.03 and a 12 month high of $29.19.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.Kraft Heinz’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, sell-side analysts anticipate that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal 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 paid a dividend of $0.40 per share. The ex-dividend date was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 6.3%. Kraft Heinz’s payout ratio is presently -32.92%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KHC. Sanford C. Bernstein lowered Kraft Heinz from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. TD Cowen cut their price target on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft increased their price target on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, UBS Group upped their target price on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. One research 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $22.88.

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.