Plato Investment Management Ltd Buys New Shares in Kraft Heinz Company $KHC

Plato Investment Management Ltd purchased a new position in Kraft Heinz Company (NASDAQ:KHC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 45,295 shares of the company’s stock, valued at approximately $1,064,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Graney & King LLC boosted its holdings in Kraft Heinz by 20.5% during the 4th quarter. Graney & King LLC now owns 2,560 shares of the company’s stock valued at $62,000 after acquiring an additional 435 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Kraft Heinz by 1.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock worth $718,000 after buying an additional 490 shares during the period. New England Capital Financial Advisors LLC raised its holdings in Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after buying an additional 511 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position in Kraft Heinz by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock valued at $201,000 after buying an additional 515 shares during the period. Finally, Bridgewater Associates LP grew its holdings in Kraft Heinz by 1.1% in the 4th quarter. Bridgewater Associates LP now owns 52,833 shares of the company’s stock worth $1,281,000 after acquiring an additional 578 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KHC shares. Piper Sandler increased their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Evercore set a $24.00 price target on shares of Kraft Heinz in a report on Thursday, August 6th. BNP Paribas Exane lifted their target price on shares of Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings lowered shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Kraft Heinz has an average rating of “Reduce” and an average price target of $23.62.

Kraft Heinz Stock Up 0.3%

NASDAQ:KHC opened at $24.82 on Wednesday. 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 firm has a market cap of $29.43 billion, a P/E ratio of -8.68 and a beta of 0.08. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $28.10. The firm has a 50-day simple moving average of $24.91 and a two-hundred day simple moving average of $23.84.

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

Kraft Heinz Dividend Announcement

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. This represents a $1.60 annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, September 4th. Kraft Heinz’s dividend payout ratio (DPR) is presently -55.94%.

Insider Transactions at Kraft Heinz

In other 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 sale, the insider directly 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 SEC, which is available through this link. Corporate 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.