Chicago Partners Investment Group LLC Invests $670,000 in Kraft Heinz Company $KHC

Chicago Partners Investment Group LLC bought a new stake in Kraft Heinz Company (NASDAQ:KHC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,586 shares of the company’s stock, valued at approximately $670,000.

Several other institutional investors and hedge funds have also modified their holdings of KHC. Graney & King LLC raised its position in Kraft Heinz by 20.5% in the 4th quarter. Graney & King LLC now owns 2,560 shares of the company’s stock valued at $62,000 after purchasing an additional 435 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of Kraft Heinz by 3.2% in the fourth quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock valued at $361,000 after buying an additional 458 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Kraft Heinz by 1.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock valued at $718,000 after buying an additional 490 shares during the last quarter. New England Capital Financial Advisors LLC raised its holdings in shares of Kraft Heinz by 70.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after buying an additional 511 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in Kraft Heinz by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock worth $201,000 after buying an additional 515 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Down 1.3%

Shares of NASDAQ KHC opened at $25.88 on Friday. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $29.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The stock has a market cap of $30.69 billion, a P/E ratio of -5.33 and a beta of 0.09. The firm has a 50 day moving average price of $23.91 and a 200 day moving average price of $23.52.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping 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 company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. During the same period last year, the firm posted $0.62 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts expect that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 6.2%. Kraft Heinz’s payout ratio is currently -32.92%.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the stock in a transaction dated Thursday, June 18th. The stock was 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 in the company, valued at $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the subject of several research reports. TD Cowen lowered their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. Jefferies Financial Group reduced their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. BTIG Research began coverage on shares of Kraft Heinz in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $23.12.

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.