Jupiter Topco LLC Takes Position in Kraft Heinz Company $KHC

Jupiter Topco LLC purchased a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) during the second quarter, Holdings Channel reports. The institutional investor purchased 107,535 shares of the company’s stock, valued at approximately $2,538,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Kraft Heinz in the 2nd quarter valued at approximately $1,803,911,000. Invesco Ltd. lifted its position in shares of Kraft Heinz by 10.5% during the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock worth $478,347,000 after acquiring an additional 1,870,310 shares in the last quarter. Auto Owners Insurance Co boosted its holdings in shares of Kraft Heinz by 3,034.1% in the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after acquiring an additional 15,951,271 shares during the period. Norges Bank bought a new position in shares of Kraft Heinz in the fourth quarter worth $332,382,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kraft Heinz by 3.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,893,686 shares of the company’s stock valued at $239,922,000 after purchasing an additional 341,197 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Up 1.5%

KHC opened at $26.26 on Thursday. The firm has a market capitalization of $31.14 billion, a P/E ratio of -9.18, a price-to-earnings-growth ratio of 3.14 and a beta of 0.09. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.09. The company has a fifty day moving average price of $25.40 and a 200-day moving average price of $23.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Equities research analysts expect that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Friday, September 4th. Kraft Heinz’s dividend payout ratio is currently -55.94%.

Analysts Set New Price Targets

A number of analysts recently issued reports on KHC shares. JPMorgan Chase & Co. boosted their price objective on Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. Wells Fargo & Company raised their target price on Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. BNP Paribas Exane upped their price target on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research report on Tuesday, June 30th. Finally, UBS Group increased their price target on shares of Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Kraft Heinz currently has an average rating of “Reduce” and an average target price of $23.33.

Insider Buying and Selling 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 stock was sold at an average price of $23.05, for a total value of $426,471.10. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by insiders.

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.