AXQ Capital LP Buys New Position in Kraft Heinz Company $KHC

AXQ Capital LP acquired a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 22,503 shares of the company’s stock, valued at approximately $546,000.

A number of other hedge funds also recently made changes to their positions in the stock. Key Capital Management INC bought a new stake in Kraft Heinz in the 4th quarter worth approximately $29,000. New England Capital Financial Advisors LLC boosted its stake in shares of 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. grew its holdings in shares of Kraft Heinz by 172.4% during 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 during the last quarter. Anfield Capital Management LLC grew its holdings in shares of Kraft Heinz by 256.7% during 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 during the last quarter. Finally, Sentry Investment Management LLC purchased a new position in Kraft Heinz in the 3rd quarter worth $38,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Price Performance

KHC stock opened at $22.76 on Thursday. The stock has a market capitalization of $26.99 billion, a price-to-earnings ratio of -4.68 and a beta of 0.08. The firm’s 50-day moving average price is $22.86 and its two-hundred day moving average price is $23.65. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $29.19.

Kraft Heinz (NASDAQ:KHC) last posted its 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. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. Kraft Heinz’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities analysts predict that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 7.0%. Kraft Heinz’s dividend payout ratio (DPR) is -32.92%.

Analyst Ratings Changes

Several research firms have issued reports on KHC. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Wall Street Zen downgraded Kraft Heinz from a “buy” rating to a “hold” rating in a report on Sunday. The Goldman Sachs Group set a $23.00 target price on Kraft Heinz in a research note on Thursday, February 12th. TD Cowen dropped their target price on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. Finally, Morgan Stanley set a $22.00 price target on Kraft Heinz in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $22.69.

About Kraft Heinz

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.