BML Capital Management LLC Acquires Shares of 125,000 Kraft Heinz Company $KHC

BML Capital Management LLC acquired a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) in the first quarter, HoldingsChannel reports. The firm acquired 125,000 shares of the company’s stock, valued at approximately $2,811,000. Kraft Heinz accounts for approximately 1.8% of BML Capital Management LLC’s holdings, making the stock its 11th biggest holding.

A number of other hedge funds also recently made changes to their positions in the company. Jessup Wealth Management Inc bought a new position in Kraft Heinz during the fourth quarter valued at approximately $27,000. Reflection Asset Management bought a new stake in Kraft Heinz in the 4th quarter worth approximately $28,000. Key Capital Management INC bought a new stake in Kraft Heinz in the 4th quarter worth approximately $29,000. DV Equities LLC purchased a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $29,000. Finally, New England Capital Financial Advisors LLC raised its holdings in shares of Kraft Heinz by 70.2% during the 4th 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 in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 3.1%

NASDAQ KHC opened at $26.23 on Friday. 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 Company has a 52 week low of $21.03 and a 52 week high of $29.19. The firm has a market capitalization of $31.10 billion, a price-to-earnings ratio of -5.40 and a beta of 0.09. The company has a fifty day moving average of $23.87 and a two-hundred day moving average of $23.51.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. The business had revenue of $6.05 billion for 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 revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, analysts predict that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s dividend payout ratio is -32.92%.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the firm’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 completion of the sale, the insider owned 102,667 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KHC. Wall Street Zen raised shares of Kraft Heinz from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Piper Sandler upped their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. BTIG Research initiated coverage on shares of Kraft Heinz in a research report on Monday, April 13th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley set a $22.00 target price on shares of Kraft Heinz in a report on Thursday, April 23rd. 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. According to MarketBeat, Kraft Heinz has an average rating of “Reduce” and a consensus target price 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.