Louisiana State Employees Retirement System Takes Position in Kraft Heinz Company $KHC

Louisiana State Employees Retirement System bought a new position in Kraft Heinz Company (NASDAQ:KHC) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 121,200 shares of the company’s stock, valued at approximately $2,726,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jessup Wealth Management Inc purchased a new position in shares of Kraft Heinz during the 4th quarter worth approximately $27,000. Reflection Asset Management purchased a new position in shares of Kraft Heinz in the 4th quarter worth about $28,000. DV Equities LLC bought a new position in shares of Kraft Heinz in the fourth quarter worth approximately $29,000. Key Capital Management INC bought a new position in Kraft Heinz in the 4th quarter valued at approximately $29,000. Finally, New England Capital Financial Advisors LLC boosted 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 valued at $30,000 after buying an additional 511 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 transaction of $426,471.10. Following the transaction, the insider owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on KHC shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Sanford C. Bernstein downgraded shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. Morgan Stanley set a $22.00 price target on shares of Kraft Heinz in a research report on Thursday, April 23rd. Finally, BNP Paribas Exane lowered their price objective on Kraft Heinz from $18.00 to $17.00 in a research report on Thursday, May 7th. One equities 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 data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $22.75.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $23.72 on Monday. 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 market cap of $28.13 billion, a P/E ratio of -4.88 and a beta of 0.08. 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 business’s 50 day moving average price is $23.14 and its 200-day moving average price is $23.44.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. The firm had revenue of $6.05 billion for 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%.The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side 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 paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 6.7%. Kraft Heinz’s dividend payout ratio is -32.92%.

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.