Empowered Funds LLC Has $1.72 Million Stock Holdings in Kraft Heinz Company $KHC

Empowered Funds LLC lifted its position in shares of Kraft Heinz Company (NASDAQ:KHCFree Report) by 42.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,940 shares of the company’s stock after purchasing an additional 21,558 shares during the quarter. Empowered Funds LLC’s holdings in Kraft Heinz were worth $1,723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC bought a new stake in shares of Kraft Heinz in the 1st quarter valued at $27,000. Jessup Wealth Management Inc bought a new position in Kraft Heinz during the fourth quarter worth about $27,000. Reflection Asset Management bought a new position in Kraft Heinz during the fourth quarter worth about $28,000. Hara Capital LLC acquired a new position in Kraft Heinz in the second quarter valued at about $29,000. Finally, DV Equities LLC acquired a new position in Kraft Heinz in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Buying and Selling

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the company’s 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 owned 102,667 shares of the company’s stock, valued at $2,366,474.35. This represents a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.24% of the company’s stock.

Kraft Heinz News Roundup

Here are the key news stories impacting Kraft Heinz this week:

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KHC. Barclays raised their price target on Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Wells Fargo & Company boosted their price objective on Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Wall Street Zen cut Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. 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 report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $23.33.

Check Out Our Latest Analysis on Kraft Heinz

Kraft Heinz Price Performance

KHC stock opened at $25.42 on Friday. The stock has a 50-day moving average price of $25.44 and a two-hundred day moving average price of $23.95. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $28.09. The stock has a market cap of $30.14 billion, a PE ratio of -8.89, a price-to-earnings-growth ratio of 3.19 and a beta of 0.09. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49.

Kraft Heinz (NASDAQ:KHCGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company 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 company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Equities analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company 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. The ex-dividend date is Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 6.3%. Kraft Heinz’s payout ratio is presently -55.94%.

About Kraft Heinz

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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