22,151 Shares in Kraft Heinz Company $KHC Acquired by Northstar Financial Companies Inc.

Northstar Financial Companies Inc. bought a new stake in Kraft Heinz Company (NASDAQ:KHC) in the 2nd quarter, Holdings Channel.com reports. The fund bought 22,151 shares of the company’s stock, valued at approximately $523,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Kraft Heinz in the 1st quarter valued at $207,000. Woodline Partners LP lifted its stake in Kraft Heinz by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after acquiring an additional 20,690 shares in the last quarter. NewEdge Advisors LLC boosted its holdings 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 acquiring an additional 7,307 shares during the period. The Manufacturers Life Insurance Company boosted its holdings 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 acquiring an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC acquired a new position in Kraft Heinz in the 2nd quarter valued at about $207,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the transaction, the insider owned 102,667 shares in the company, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KHC has been the topic of a number of recent research reports. Evercore set a $24.00 price target on shares of Kraft Heinz in a research note on Thursday, August 6th. Wells Fargo & Company raised their price objective on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price objective on shares of Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. Weiss Ratings downgraded shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley set a $22.00 target price on shares of Kraft Heinz in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $23.62.

Kraft Heinz Stock Performance

KHC opened at $25.51 on Monday. The business has a fifty day moving average price of $24.86 and a 200 day moving average price of $23.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $28.10. The stock has a market capitalization of $30.25 billion, a price-to-earnings ratio of -8.92 and a beta of 0.08.

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

Kraft Heinz Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 6.3%. Kraft Heinz’s dividend payout ratio (DPR) is -55.94%.

Kraft Heinz 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.