Core Capital Management & Research inc. Invests $8.52 Million in Kraft Heinz Company $KHC

Core Capital Management & Research inc. purchased a new stake in Kraft Heinz Company (NASDAQ:KHC) during the second quarter, HoldingsChannel.com reports. The firm purchased 332,763 shares of the company’s stock, valued at approximately $8,517,000. Kraft Heinz makes up approximately 4.5% of Core Capital Management & Research inc.’s investment portfolio, making the stock its 2nd biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jessup Wealth Management Inc purchased a new position in Kraft Heinz in the fourth quarter worth $27,000. Reflection Asset Management acquired a new position in shares of Kraft Heinz during the 4th quarter worth $28,000. DV Equities LLC acquired a new position in shares of Kraft Heinz during the 4th quarter worth $29,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Kraft Heinz in the 1st quarter valued at about $27,000. Finally, Hara Capital LLC purchased a new position in shares of Kraft Heinz in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. TD Cowen upped their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. BNP Paribas Exane lifted their price objective on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, June 30th. Wells Fargo & Company boosted their target price on Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Finally, Barclays upped their target price on Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $23.33.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $24.61 on Thursday. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $28.09. The company has a market capitalization of $29.18 billion, a price-to-earnings ratio of -8.60, a PEG ratio of 3.03 and a beta of 0.09. The stock has a fifty day moving average of $25.49 and a two-hundred day moving average of $23.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s dividend payout ratio (DPR) is currently -55.94%.

Insider Activity at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of Kraft Heinz 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 completion of the sale, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by company insiders.

Kraft Heinz Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers, foodservice operators and other customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, beverages, snacks and other packaged foods.

The company’s well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House and Classico, among others.