Sanctuary Advisors LLC Makes New $1.06 Million Investment in Kraft Heinz Company $KHC

Sanctuary Advisors LLC acquired a new position in Kraft Heinz Company (NASDAQ:KHC) during the second quarter, HoldingsChannel reports. The firm acquired 45,101 shares of the company’s stock, valued at approximately $1,065,000.

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

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $25.13 on Friday. The stock has a market cap of $29.80 billion, a P/E ratio of -8.79 and a beta of 0.08. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average of $25.14 and a 200-day moving average of $23.91. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $28.09.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s dividend payout ratio (DPR) is currently -55.94%.

Analyst Ratings Changes

KHC has been the topic of several recent research reports. UBS Group lifted their target price on shares of Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. TD Cowen boosted their price objective on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Finally, BNP Paribas Exane upped their target price on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and a consensus price target of $23.62.

Insider Buying and Selling at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the sale, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

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.