SteelPeak Wealth LLC Invests $825,000 in Kraft Heinz Company $KHC

SteelPeak Wealth LLC bought a new stake in Kraft Heinz Company (NASDAQ:KHC) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 36,685 shares of the company’s stock, valued at approximately $825,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Kraft Heinz by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after purchasing an additional 616,283 shares during the period. Swiss Life Asset Management Ltd grew its position in Kraft Heinz by 148.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after purchasing an additional 1,295,688 shares during the last quarter. Westhampton Capital LLC acquired a new position in Kraft Heinz in the fourth quarter valued at $1,222,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Kraft Heinz by 14.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,224,052 shares of the company’s stock valued at $78,183,000 after buying an additional 397,329 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Kraft Heinz by 322.0% in the fourth quarter. KBC Group NV now owns 916,485 shares of the company’s stock valued at $22,224,000 after buying an additional 699,290 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 1.3%

NASDAQ KHC opened at $25.88 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $30.69 billion, a P/E ratio of -5.33 and a beta of 0.09. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $29.19. The firm has a 50-day moving average price of $23.91 and a 200 day moving average price of $23.52.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. During the same quarter in the previous year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts expect that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.2%. Kraft Heinz’s payout ratio is -32.92%.

Insider Buying and Selling 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 transaction, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday. BNP Paribas Exane upped their price objective on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, June 30th. Wall Street Zen raised Kraft Heinz from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Wells Fargo & Company boosted their target price on Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Finally, BTIG Research assumed coverage on Kraft Heinz in a research note on Monday, April 13th. They set a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and an average target price of $23.12.

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.