Saxon Interests Inc. Makes New Investment in Kraft Heinz Company $KHC

Saxon Interests Inc. bought a new position in shares of Kraft Heinz Company (NASDAQ:KHC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 42,230 shares of the company’s stock, valued at approximately $950,000.

A number of other large investors have also made changes to their positions in KHC. Jessup Wealth Management Inc acquired a new position in Kraft Heinz during the fourth quarter worth $27,000. Reflection Asset Management purchased a new position in shares of Kraft Heinz during the 4th quarter worth $28,000. Key Capital Management INC purchased a new position in shares of Kraft Heinz during the 4th quarter worth $29,000. DV Equities LLC acquired a new position in shares of Kraft Heinz during the 4th quarter valued at about $29,000. Finally, New England Capital Financial Advisors LLC grew its holdings in shares of Kraft Heinz by 70.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after purchasing an additional 511 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KHC shares. Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft upped their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Finally, Jefferies Financial Group lowered their price target on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $22.88.

Kraft Heinz Trading Up 1.9%

NASDAQ:KHC opened at $25.30 on Wednesday. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $29.19. The firm has a market cap of $30.00 billion, a PE ratio of -5.21 and a beta of 0.09. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $23.52 and a 200 day moving average price of $23.46.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.89 billion. During the same quarter last year, the business posted $0.62 EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side analysts anticipate that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. Kraft Heinz’s dividend payout ratio is currently -32.92%.

Insider Activity at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

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.