Quantitative Investment Management LLC Acquires New Position in Kraft Heinz Company $KHC

Quantitative Investment Management LLC bought a new position in Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 85,191 shares of the company’s stock, valued at approximately $2,012,000.

Several other large investors also recently added to or reduced their stakes in KHC. Cassaday & Co Wealth Management LLC acquired a new position in shares of Kraft Heinz during the 1st quarter valued at about $27,000. Jessup Wealth Management Inc acquired a new position in Kraft Heinz in the 4th quarter valued at about $27,000. Reflection Asset Management purchased a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $28,000. Hara Capital LLC acquired a new stake in shares of Kraft Heinz during the 2nd quarter worth approximately $29,000. Finally, DV Equities LLC acquired a new position in Kraft Heinz in the fourth quarter valued at approximately $29,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

KHC opened at $25.66 on Tuesday. The stock’s 50-day moving average price is $25.27 and its 200 day moving average price is $23.93. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.09. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The firm has a market cap of $30.43 billion, a price-to-earnings ratio of -8.97 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last released 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 during 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%.Kraft Heinz’s 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 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, sell-side analysts expect that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared 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 dividend yield of 6.2%. Kraft Heinz’s payout ratio is -55.94%.

Insider Buying and Selling at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction 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 sale, the insider owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the subject of several recent analyst reports. Piper Sandler raised their target price on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. TD Cowen increased their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Wall Street Zen downgraded Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Wells Fargo & Company boosted their price objective on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Finally, UBS Group upped their target price on shares of Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Reduce” and an average target price 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.