L2 Asset Management LLC Makes New Investment in Kraft Heinz Company $KHC

L2 Asset Management LLC acquired a new position in Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 154,061 shares of the company’s stock, valued at approximately $3,639,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Ally Financial Inc. acquired a new position in Kraft Heinz in the second quarter worth approximately $3,094,000. Infrastructure Capital Advisors LLC acquired a new stake in shares of Kraft Heinz during the 2nd quarter valued at $1,592,000. Cibc World Market Inc. bought a new stake in shares of Kraft Heinz during the 2nd quarter worth $2,553,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Kraft Heinz in the 2nd quarter worth $1,076,000. Finally, Osmosis Investment Management UK Ltd acquired a new stake in shares of Kraft Heinz during the second quarter worth $658,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Up 0.4%

KHC stock opened at $25.67 on Tuesday. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $28.09. The company has a market cap of $30.44 billion, a PE ratio of -8.98 and a beta of 0.08. The business’s 50-day simple moving average is $25.03 and its 200 day simple moving average is $23.90. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49.

Kraft Heinz (NASDAQ:KHC) last issued its 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 positive return on equity of 7.10% and a negative net margin of 13.64%.The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the company posted $0.69 earnings per share. Kraft Heinz’s revenue was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, research analysts anticipate that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid 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 yield of 6.2%. Kraft Heinz’s payout ratio is presently -55.94%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BNP Paribas Exane lifted their target price on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Weiss Ratings lowered Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Barclays boosted their price target on Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Finally, Piper Sandler increased their price target on Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $23.62.

Insiders Place Their Bets

In related news, insider Diana Frost sold 18,502 shares of the stock in a transaction dated 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 of the company’s stock, valued at $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by insiders.

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.