OP Asset Management Ltd Takes $2.17 Million Position in Kraft Heinz Company $KHC

OP Asset Management Ltd acquired a new position in shares of Kraft Heinz Company (NASDAQ:KHC) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 96,653 shares of the company’s stock, valued at approximately $2,174,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KHC. Auto Owners Insurance Co lifted its holdings in Kraft Heinz by 3,034.1% during the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after buying an additional 15,951,271 shares during the last quarter. Norges Bank purchased a new position in shares of Kraft Heinz in the 4th quarter valued at about $332,382,000. Barclays PLC raised its position in shares of Kraft Heinz by 77.8% during the 4th quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock worth $217,599,000 after acquiring an additional 3,926,141 shares in the last quarter. Invesco Ltd. raised its position in shares of Kraft Heinz by 10.5% during the 4th quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock worth $478,347,000 after acquiring an additional 1,870,310 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Kraft Heinz by 127.6% during the first quarter. SG Americas Securities LLC now owns 3,319,277 shares of the company’s stock worth $74,651,000 after purchasing an additional 1,860,826 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Price Performance

KHC stock opened at $23.72 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $28.13 billion, a P/E ratio of -4.88 and a beta of 0.08. The business has a 50 day simple moving average of $23.14 and a 200-day simple moving average of $23.44. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19.

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

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. Kraft Heinz’s payout ratio is currently -32.92%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KHC shares. Morgan Stanley set a $22.00 price target on shares of Kraft Heinz in a research note on Thursday, April 23rd. Piper Sandler upped their target price on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday. BNP Paribas Exane dropped their target price on shares of Kraft Heinz from $18.00 to $17.00 in a research report on Thursday, May 7th. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Finally, UBS Group upped their price objective on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $22.75.

Insider Activity at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the company’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 completion of the sale, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

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.