O Shaughnessy Asset Management LLC Purchases 524,089 Shares of Kraft Heinz Company $KHC

O Shaughnessy Asset Management LLC boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 36.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,966,407 shares of the company’s stock after purchasing an additional 524,089 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Kraft Heinz were worth $47,685,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KHC. Ashton Thomas Private Wealth LLC bought a new position in Kraft Heinz during the 1st quarter valued at approximately $207,000. Woodline Partners LP increased its position in Kraft Heinz by 39.0% during the 1st 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 increased its position in Kraft Heinz by 16.6% during the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after buying an additional 7,307 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock valued at $13,482,000 after buying an additional 4,003 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new position in Kraft Heinz during the 2nd quarter valued at approximately $207,000. Institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on KHC shares. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Sunday, May 31st. Barclays raised their price objective on Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Piper Sandler reduced their price objective on Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Jefferies Financial Group cut their target price on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, Evercore cut their target price on Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Kraft Heinz has an average rating of “Reduce” and an average price target of $22.69.

Kraft Heinz Stock Performance

Shares of KHC opened at $22.58 on Monday. The business’s fifty day simple moving average is $22.91 and its two-hundred day simple moving average is $23.62. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The company has a market cap of $26.77 billion, a price-to-earnings ratio of -4.65 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. During the same period last year, the business posted $0.62 EPS. The company’s revenue was up .8% compared to the same quarter last year. 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 fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 7.1%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.

Key Kraft Heinz News

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Jim Cramer said he has “faith” in Kraft Heinz CEO Steve, which may help improve sentiment by signaling confidence in management and the company’s turnaround prospects. Jim Cramer on Kraft Heinz CEO: “I Have Faith in Steve”
• Positive Sentiment: Unusual call-option activity suggests some traders are positioning for a rebound, which can sometimes signal renewed speculative interest in the shares. Unusual trading in Kraft Heinz call options after CEO interview – Is KHC stock a buy?
• Neutral Sentiment: The company’s recent earnings were generally solid, with Kraft Heinz beating EPS and revenue estimates last month, but the stock has still struggled to hold momentum afterward. Kraft Heinz stock/earnings overview
• Negative Sentiment: Bernstein downgraded Kraft Heinz to Underperform/Sell and lowered its price target, reinforcing worries that the shares could have more downside ahead. Kraft Heinz was downgraded to a Sell Rating at Bernstein
• Negative Sentiment: Articles focused on the stock being down since its last earnings report highlight weakening momentum and investor concern that the post-earnings rally has faded. Why Is Kraft Heinz (KHC) Down 5% Since Last Earnings Report?
• Negative Sentiment: Management commentary on “negative cash flows” among lower-income consumers points to softer demand for packaged foods if stressed households keep pulling back on spending. Running out of money: Kraft, McDonald’s, Whirlpool CEOs all issue same dire warning about US consumers

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.