Kraft Heinz Company (KHC) To Go Ex-Dividend on September 4th

Kraft Heinz Company (NASDAQ:KHC) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Friday, September 4th will be given a dividend of 0.40 per share on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, September 4th.

Kraft Heinz has a dividend payout ratio of 59.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kraft Heinz to earn $2.14 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 74.8%.

Kraft Heinz Price Performance

KHC stock opened at $25.87 on Wednesday. Kraft Heinz has a 1 year low of $21.03 and a 1 year high of $28.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The stock has a market cap of $30.68 billion, a price-to-earnings ratio of -9.05 and a beta of 0.08. The company has a 50 day simple moving average of $25.33 and a 200 day simple moving average of $23.93.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly 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. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Research analysts anticipate that Kraft Heinz will post 2.06 EPS for the current fiscal year.

Insider Activity 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 shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, 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 document filed with the SEC, which can be accessed through the SEC website. 0.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.