Corient Private Wealth LP Takes $17.30 Million Position in Kraft Heinz Company $KHC

Corient Private Wealth LP purchased a new position in Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 732,493 shares of the company’s stock, valued at approximately $17,302,000.

Other large investors also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new position in Kraft Heinz in the 1st quarter valued at $27,000. Jessup Wealth Management Inc bought a new stake in shares of Kraft Heinz during the fourth quarter worth $27,000. Reflection Asset Management bought a new stake in shares of Kraft Heinz during the fourth quarter worth $28,000. Hara Capital LLC purchased a new stake in shares of Kraft Heinz during the second quarter valued at $29,000. Finally, DV Equities LLC purchased a new position in Kraft Heinz in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

KHC has been the subject of several research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. BNP Paribas Exane raised their price objective on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, June 30th. Evercore set a $24.00 target price on Kraft Heinz in a research report on Thursday, August 6th. Wells Fargo & Company upped their target price on Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Finally, TD Cowen increased their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $23.62.

Insider Activity at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the company’s 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 sale, the insider directly owned 102,667 shares in the company, valued at $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 is available through this link. Insiders own 0.24% of the company’s stock.

Kraft Heinz Price Performance

Shares of KHC opened at $25.70 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06. The company has a 50 day moving average price of $25.19 and a 200-day moving average price of $23.93. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $28.09. The stock has a market capitalization of $30.48 billion, a PE ratio of -8.99 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 negative net margin of 13.64% and a positive return on equity of 7.10%. Kraft Heinz’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Equities analysts predict that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s payout ratio is presently -55.94%.

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.