Simplicity Wealth LLC Makes New $485,000 Investment in Kraft Heinz Company $KHC

Simplicity Wealth LLC bought a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,529 shares of the company’s stock, valued at approximately $485,000.

Several other hedge funds and other institutional investors have also made changes to their positions in KHC. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Kraft Heinz in the first quarter worth approximately $27,000. Jessup Wealth Management Inc acquired a new position in Kraft Heinz in the 4th quarter valued at $27,000. Reflection Asset Management purchased a new position in Kraft Heinz in the 4th quarter valued at $28,000. DV Equities LLC purchased a new position in Kraft Heinz in the 4th quarter valued at $29,000. Finally, New England Capital Financial Advisors LLC boosted its stake in Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after purchasing an additional 511 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of research reports. Wall Street Zen lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Piper Sandler boosted their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. UBS Group upped their price objective on shares of Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Sanford C. Bernstein downgraded shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of “Reduce” and a consensus target price of $23.62.

Kraft Heinz Stock Down 3.0%

Shares of NASDAQ:KHC opened at $24.75 on Tuesday. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $28.10. The stock has a market cap of $29.35 billion, a P/E ratio of -8.65 and a beta of 0.08. The business has a fifty day moving average of $24.88 and a two-hundred day moving average of $23.83. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49.

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

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid 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 yield of 6.5%. Kraft Heinz’s payout ratio is -55.94%.

Insider Buying and Selling

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 shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. The trade was a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.