37,584 Shares in Kraft Heinz Company $KHC Bought by Elemental Capital Partners LLC

Elemental Capital Partners LLC bought a new position in shares of Kraft Heinz Company (NASDAQ:KHC) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 37,584 shares of the company’s stock, valued at approximately $845,000. Kraft Heinz makes up approximately 0.4% of Elemental Capital Partners LLC’s investment portfolio, making the stock its 9th largest position.

A number of other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in Kraft Heinz in the 1st quarter valued at approximately $207,000. Woodline Partners LP grew its stake in shares of Kraft Heinz by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after acquiring an additional 20,690 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Kraft Heinz by 16.6% in the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after purchasing an additional 7,307 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Kraft Heinz by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after purchasing an additional 4,003 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new stake in shares of Kraft Heinz in the second quarter worth $207,000. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Sanford C. Bernstein downgraded Kraft Heinz from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $25.00 to $21.00 in a research report on Wednesday, June 3rd. BNP Paribas Exane increased their price target on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research report on Tuesday. Finally, Wells Fargo & Company lowered their price target on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $22.88.

Insiders Place Their Bets

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. This trade represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Up 1.4%

Shares of KHC stock opened at $25.37 on Friday. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $29.19. The stock has a market cap of $30.08 billion, a price-to-earnings ratio of -5.22 and a beta of 0.09. The firm’s 50-day moving average is $23.32 and its 200-day moving average is $23.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20.

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

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. Kraft Heinz’s payout ratio is presently -32.92%.

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.