131,920 Shares in Kraft Heinz Company $KHC Purchased by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 131,920 shares of the company’s stock, valued at approximately $3,116,000.

Several other large investors have also bought and sold shares of KHC. Ashton Thomas Private Wealth LLC bought a new stake in shares of Kraft Heinz during the first quarter valued at approximately $207,000. Woodline Partners LP lifted its position in Kraft Heinz by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after acquiring an additional 20,690 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Kraft Heinz by 16.6% during the 2nd 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 boosted its stake in Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock valued at $13,482,000 after purchasing an additional 4,003 shares during the last quarter. Finally, HUB Investment Partners LLC bought a new stake in shares of Kraft Heinz in the 2nd quarter worth $207,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Up 0.5%

Kraft Heinz stock opened at $25.51 on Friday. The stock has a market cap 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 one year low of $21.03 and a one year high of $28.10. The stock has a fifty day moving average of $24.86 and a 200 day moving average of $23.82.

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

Kraft Heinz Announces Dividend

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

Wall Street Analyst Weigh In

KHC has been the subject of several recent analyst reports. Piper Sandler boosted their price target on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Wells Fargo & Company boosted their target price on Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Finally, Sanford C. Bernstein downgraded shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $23.62.

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.