37,343 Shares in Kraft Heinz Company $KHC Acquired by Csenge Advisory Group

Csenge Advisory Group bought a new position in Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,343 shares of the company’s stock, valued at approximately $882,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in Kraft Heinz in the 1st quarter worth $207,000. Woodline Partners LP raised its holdings in Kraft Heinz by 39.0% during the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after acquiring an additional 20,690 shares during the period. NewEdge Advisors LLC lifted its position in shares of Kraft Heinz by 16.6% in the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after acquiring an additional 7,307 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Kraft Heinz by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after acquiring an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC bought a new position in shares of Kraft Heinz in the second quarter worth about $207,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KHC shares. Evercore set a $24.00 price target on Kraft Heinz in a research note on Thursday, August 6th. Piper Sandler lifted their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. UBS Group boosted their target price on shares of Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Weiss Ratings lowered shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein cut shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their target price for the company from $25.00 to $21.00 in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and an average target price of $23.62.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction dated 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. The trade was a 15.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Up 3.5%

NASDAQ:KHC opened at $25.68 on Thursday. The company has a market cap of $30.45 billion, a price-to-earnings ratio of -8.98 and a beta of 0.08. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $28.10. 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 stock has a fifty day simple moving average of $24.94 and a 200-day simple moving average of $23.86.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s payout ratio is currently -55.94%.

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.