MOKAN Wealth Management Inc. Invests $702,000 in Kraft Heinz Company $KHC

MOKAN Wealth Management Inc. bought a new stake in shares of Kraft Heinz Company (NASDAQ:KHCFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,942 shares of the company’s stock, valued at approximately $702,000.

Other large investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. grew its stake in shares of Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after buying an additional 788 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in Kraft Heinz by 164.7% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after acquiring an additional 807 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in Kraft Heinz during the 2nd quarter worth approximately $39,000. Hilltop National Bank purchased a new position in Kraft Heinz in the 2nd quarter worth approximately $41,000. Finally, Albion Financial Group UT bought a new stake in Kraft Heinz in the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling

In other news, insider Miguel Patricio sold 125,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the sale, the insider owned 686,817 shares in the company, valued at approximately $17,046,797.94. The trade was a 15.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Key Kraft Heinz News

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. BNP Paribas Exane lowered shares of Kraft Heinz from a “neutral” rating to an “underperform” rating and set a $22.00 price target on the stock. in a report on Wednesday. Jefferies Financial Group lowered their price objective on shares of Kraft Heinz from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Kraft Heinz from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $26.16.

Check Out Our Latest Research Report on KHC

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $22.72 on Friday. Kraft Heinz Company has a 1 year low of $21.99 and a 1 year high of $33.35. The stock has a market capitalization of $26.89 billion, a P/E ratio of -6.09 and a beta of 0.09. The company’s 50-day moving average is $24.32 and its 200 day moving average is $25.73. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.73.

Kraft Heinz (NASDAQ:KHCGet Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the business posted $0.75 earnings per share. Kraft Heinz’s quarterly revenue was down 2.3% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.500-2.57 EPS. On average, sell-side analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, November 28th were issued a $0.40 dividend. The ex-dividend date was Friday, November 28th. This represents a $1.60 dividend on an annualized basis and a yield of 7.0%. Kraft Heinz’s dividend payout ratio is -42.90%.

Kraft Heinz Profile

(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.

Featured Articles

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraft Heinz Company (NASDAQ:KHCFree Report).

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

Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.