Sen. Gary C. Peters Buys Kraft Heinz Company (NASDAQ:KHC) Shares

Senator Gary C. Peters (Democratic-Michigan) recently bought shares of Kraft Heinz Company (NASDAQ:KHC). In a filing disclosed on June 11th, the Senator disclosed that they had bought between $1,001 and $15,000 in Kraft Heinz stock on May 21st.

Senator Gary C. Peters also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Corteva (NYSE:CTVA) on 4/23/2026.

Kraft Heinz Stock Performance

Shares of KHC stock traded down $0.38 during mid-day trading on Thursday, reaching $22.82. The stock had a trading volume of 21,024,093 shares, compared to its average volume of 15,577,517. 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 1-year low of $21.03 and a 1-year high of $29.19. The firm has a market cap of $27.06 billion, a price-to-earnings ratio of -4.70 and a beta of 0.08. The business’s fifty day moving average is $23.12 and its 200-day moving average is $23.54.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. The company had revenue of $6.05 billion for 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%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, research analysts forecast that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Announces Dividend

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

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of recent analyst reports. Mizuho dropped their price objective on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. BNP Paribas Exane cut their target price on Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. Wall Street Zen cut shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Sunday, May 31st. TD Cowen decreased their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Finally, Sanford C. Bernstein downgraded shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $22.69.

Hedge Funds Weigh In On Kraft Heinz

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jessup Wealth Management Inc purchased a new position in Kraft Heinz in the fourth quarter valued at $27,000. Reflection Asset Management acquired a new position in shares of Kraft Heinz during the 4th quarter worth about $28,000. DV Equities LLC purchased a new position in shares of Kraft Heinz in the 4th quarter valued at about $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Kraft Heinz during the 1st quarter worth about $27,000. Finally, Key Capital Management INC purchased a new stake in Kraft Heinz during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

About Senator Peters

Gary Peters (Democratic Party) is a member of the U.S. Senate from Michigan. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Peters (Democratic Party) ran for re-election to the U.S. Senate to represent Michigan. He won in the general election on November 3, 2020. Peters completed Ballotpedia’s Candidate Connection survey in 2020. Click here to read the survey answers. Peters was elected to the Senate in 2014. On May 1, 2013, Peters announced he would seek election to the United States Senate seat that was being vacated in 2014 by retiring Michigan Sen. Carl Levin. Peters ran unopposed in the Democratic primary on August 5, 2014, before he defeated Terri Lynn Land (R), Jim Fulner (Libertarian), Richard Matkin (U.S. Taxpayers), and Chris Wahmhoff (Green) in the general election on November 4, 2014. Peters was previously a member of the U.S. House of Representatives representing Michigan’s 9th Congressional District from 2009 to 2013 and Michigan’s 14th Congressional District from 2013 to 2015. He also served as Commissioner of the Michigan Lottery from 2003 to 2007. As of a 2014 analysis of multiple outside rankings, Peters is an average Democratic member of Congress, meaning he will vote with the Democratic Party on the majority of bills. On January 28, 2021, Senate Majority Leader Chuck Schumer (D-N.Y.) appointed Peters to head the Democratic Senatorial Campaign Committee for the 2022 campaign cycle. Peters was born in 1958 in Pontiac, Michigan. After graduating from Alma College in 1980, Peters went on to receive his M.B.A. from the University of Detroit and his J.D. from Wayne State University in 1985 and 1989, respectively. Prior to his political career, Peters worked as a professor and investment banker. He also served in the United States Naval Reserve from 1993 to 2000 and from 2001 to 2005.

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.