ASO GROUP Ltd Purchases Shares of 119,474 Kraft Heinz Company $KHC

ASO GROUP Ltd purchased a new stake in Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 119,474 shares of the company’s stock, valued at approximately $2,897,000. Kraft Heinz accounts for approximately 1.1% of ASO GROUP Ltd’s investment portfolio, making the stock its 14th biggest position.

Other hedge funds also recently bought and sold shares of the company. Jessup Wealth Management Inc acquired a new stake in Kraft Heinz in the 4th quarter valued at about $27,000. Key Capital Management INC acquired a new stake in Kraft Heinz in the 4th quarter valued at about $29,000. New England Capital Financial Advisors LLC raised its position 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. Rakuten Securities Inc. raised its position in Kraft Heinz by 172.4% in the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares in the last quarter. Finally, Anfield Capital Management LLC raised its position in Kraft Heinz by 256.7% in the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after purchasing an additional 914 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the topic of a number of recent analyst reports. BTIG Research initiated coverage on Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Wall Street Zen downgraded Kraft Heinz from a “buy” rating to a “hold” rating in a report on Sunday, May 31st. Jefferies Financial Group dropped their price objective on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, March 30th. JPMorgan Chase & Co. dropped their price objective on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, March 25th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $22.69.

Kraft Heinz Trading Up 0.7%

NASDAQ:KHC opened at $24.22 on Friday. The stock’s 50 day moving average price is $23.04 and its 200 day moving average price is $23.58. The company has a market capitalization of $28.72 billion, a PE ratio of -4.98 and a beta of 0.08. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $29.19.

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

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is currently -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.