Longfellow Investment Management Co. LLC Makes New Investment in Kraft Heinz Company $KHC

Longfellow Investment Management Co. LLC acquired a new position in Kraft Heinz Company (NASDAQ:KHC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 372,872 shares of the company’s stock, valued at approximately $8,807,000. Kraft Heinz comprises 1.8% of Longfellow Investment Management Co. LLC’s investment portfolio, making the stock its 12th biggest holding.

A number of other large investors also recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC purchased a new stake in Kraft Heinz in the 1st quarter valued at $27,000. Jessup Wealth Management Inc bought a new position in Kraft Heinz during the 4th quarter valued at $27,000. Reflection Asset Management purchased a new position in Kraft Heinz during the 4th quarter worth $28,000. DV Equities LLC bought a new stake in shares of Kraft Heinz in the 4th quarter worth $29,000. Finally, 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 purchasing an additional 511 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Insiders Place Their Bets

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the 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 transaction, the insider directly owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $25.51 on Monday. The company has a market capitalization of $30.25 billion, a PE ratio of -8.92 and a beta of 0.08. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $28.10. The company has a 50-day simple moving average of $24.86 and a 200 day simple moving average of $23.83.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, research analysts predict that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 6.3%. Kraft Heinz’s dividend payout ratio is presently -55.94%.

Analysts Set New Price Targets

KHC has been the topic of a number of recent analyst reports. TD Cowen raised their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Weiss Ratings downgraded shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Barclays lifted their target price on shares of Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Wall Street Zen downgraded Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Morgan Stanley set a $22.00 price target on Kraft Heinz in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $23.62.

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.