OP Asset Management Ltd Acquires New Stake in Kraft Heinz Company $KHC

OP Asset Management Ltd acquired a new stake in Kraft Heinz Company (NASDAQ:KHC) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 96,653 shares of the company’s stock, valued at approximately $2,174,000.

A number of other large investors also recently bought and sold shares of the company. Jessup Wealth Management Inc purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at about $27,000. Reflection Asset Management purchased a new position in Kraft Heinz during the fourth quarter worth about $28,000. DV Equities LLC purchased a new position in Kraft Heinz during the fourth quarter worth about $29,000. Key Capital Management INC acquired a new stake in Kraft Heinz in the fourth quarter valued at about $29,000. Finally, New England Capital Financial Advisors LLC boosted its holdings in Kraft Heinz by 70.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after purchasing an additional 511 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on KHC shares. JPMorgan Chase & Co. dropped their target price on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 25th. Sanford C. Bernstein downgraded Kraft Heinz from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $25.00 to $21.00 in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Wall Street Zen cut shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. Finally, Piper Sandler increased their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $22.75.

Insider Buying and Selling

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the 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 in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $23.72 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $28.13 billion, a P/E ratio of -4.88 and a beta of 0.08. The firm has a 50-day moving average price of $23.14 and a two-hundred day moving average price of $23.44. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, research analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. Kraft Heinz’s dividend payout ratio is presently -32.92%.

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.