Van ECK Associates Corp Raises Holdings in Kraft Heinz Company $KHC

Van ECK Associates Corp lifted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 12.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 302,304 shares of the company’s stock after purchasing an additional 32,490 shares during the period. Van ECK Associates Corp’s holdings in Kraft Heinz were worth $7,140,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KHC. Graney & King LLC boosted its stake in Kraft Heinz by 20.5% during the 4th quarter. Graney & King LLC now owns 2,560 shares of the company’s stock worth $62,000 after purchasing an additional 435 shares during the period. Deseret Mutual Benefit Administrators increased its stake in Kraft Heinz by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock valued at $201,000 after purchasing an additional 515 shares during the period. Bridgewater Associates LP increased its stake in Kraft Heinz by 1.1% in the fourth quarter. Bridgewater Associates LP now owns 52,833 shares of the company’s stock valued at $1,281,000 after purchasing an additional 578 shares during the period. Cohen Investment Advisors LLC raised its holdings in shares of Kraft Heinz by 4.6% in the first quarter. Cohen Investment Advisors LLC now owns 13,522 shares of the company’s stock valued at $304,000 after buying an additional 592 shares during the last quarter. Finally, Old North State Trust LLC raised its holdings in shares of Kraft Heinz by 7.0% in the fourth quarter. Old North State Trust LLC now owns 9,303 shares of the company’s stock valued at $226,000 after buying an additional 608 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction that occurred on 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 approximately $2,366,474.35. This trade represents a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore set a $24.00 price target on Kraft Heinz in a research report on Thursday, August 6th. Barclays lifted their target price on Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Piper Sandler boosted their target price on Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Weiss Ratings downgraded Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $23.62.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $25.87 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $25.33 and a 200-day simple moving average of $23.93. The company has a market cap of $30.68 billion, a price-to-earnings ratio of -9.05 and a beta of 0.08. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.09.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The firm 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%.Kraft Heinz’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, equities analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

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

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.