85,191 Shares in Kraft Heinz Company $KHC Acquired by Quantitative Investment Management LLC

Quantitative Investment Management LLC bought a new stake in Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 85,191 shares of the company’s stock, valued at approximately $2,012,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new position in Kraft Heinz in the first quarter valued at $27,000. Jessup Wealth Management Inc purchased a new position in shares of Kraft Heinz in the 4th quarter valued at $27,000. Reflection Asset Management acquired a new stake in Kraft Heinz during the 4th quarter worth $28,000. Hara Capital LLC purchased a new stake in Kraft Heinz in the second quarter valued at $29,000. Finally, DV Equities LLC acquired a new position in Kraft Heinz in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the transaction, the insider directly owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Down 0.2%

KHC opened at $25.66 on Tuesday. The business has a 50 day moving average price of $25.27 and a two-hundred day moving average price of $23.93. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The company has a market cap of $30.43 billion, a PE ratio of -8.97 and a beta of 0.08. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $28.09.

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

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, September 4th. Kraft Heinz’s payout ratio is -55.94%.

Analyst Ratings Changes

Several analysts have recently weighed in on KHC shares. Wells Fargo & Company boosted their target price on Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Sanford C. Bernstein downgraded Kraft Heinz from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $25.00 to $21.00 in a research note on Wednesday, June 3rd. Weiss Ratings cut Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Reduce” and an average price target of $23.62.

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.