Kraft Heinz Company (KHC) to Issue Quarterly Dividend of $0.40 on June 26th

Kraft Heinz Company (NASDAQ:KHC) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Friday, June 5th will be given a dividend of 0.40 per share on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, June 5th.

Kraft Heinz has a dividend payout ratio of 59.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kraft Heinz to earn $2.12 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 75.5%.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $23.33 on Wednesday. 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 firm has a fifty day moving average price of $22.80 and a 200 day moving average price of $23.68. Kraft Heinz has a fifty-two week low of $21.03 and a fifty-two week high of $29.19. The firm has a market cap of $27.66 billion, a price-to-earnings ratio of -4.80 and a beta of 0.08.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Schroder Investment Management Group grew its stake in shares of Kraft Heinz by 2.4% during the third quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock valued at $84,994,000 after buying an additional 77,045 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after buying an additional 616,283 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Kraft Heinz by 37.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock worth $51,717,000 after acquiring an additional 540,532 shares during the last quarter. ABN AMRO Bank N.V. boosted its holdings in Kraft Heinz by 5,045.7% during the 3rd quarter. ABN AMRO Bank N.V. now owns 411,652 shares of the company’s stock valued at $10,634,000 after acquiring an additional 403,652 shares during the period. Finally, Peak Retirement Planning Inc. purchased a new position in Kraft Heinz during the 3rd quarter valued at $1,655,000. Institutional investors own 78.17% of the company’s stock.

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.