GSA Capital Partners LLP Makes New Investment in Kraft Heinz Company $KHC

GSA Capital Partners LLP bought a new position in shares of Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 39,323 shares of the company’s stock, valued at approximately $929,000.

A number of other institutional investors have also recently modified their holdings of KHC. Vanguard Group Inc. increased its stake in shares of Kraft Heinz by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after purchasing an additional 616,283 shares in the last quarter. Invesco Ltd. boosted its position in 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 purchasing an additional 1,870,310 shares in the last quarter. Auto Owners Insurance Co grew its holdings in 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 valued at $39,957,000 after purchasing an additional 15,951,271 shares during the period. Norges Bank purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $332,382,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 buying an additional 341,197 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KHC shares. BNP Paribas Exane increased their target price on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research report on Tuesday, June 30th. Wall Street Zen lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Sanford C. Bernstein cut shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Finally, Morgan Stanley set a $22.00 target price on shares of Kraft Heinz in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $23.62.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $24.82 on Wednesday. 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 Company has a 1 year low of $21.03 and a 1 year high of $28.10. The firm has a market capitalization of $29.43 billion, a PE ratio of -8.68 and a beta of 0.08. The business’s 50 day moving average price is $24.91 and its 200-day moving average price is $23.84.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm 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%.The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, 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. Stockholders of record on Friday, September 4th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. Kraft Heinz’s dividend payout ratio is presently -55.94%.

Insider Activity at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the sale, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by company insiders.

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.