EP Wealth Advisors LLC Acquires Shares of 26,133 Kraft Heinz Company $KHC

EP Wealth Advisors LLC acquired a new stake in Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, Holdings Channel reports. The fund acquired 26,133 shares of the company’s stock, valued at approximately $617,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KHC. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Kraft Heinz in the first quarter valued at about $27,000. Jessup Wealth Management Inc bought a new position in Kraft Heinz during the fourth quarter worth $27,000. Reflection Asset Management bought a new stake in Kraft Heinz in the 4th quarter valued at about $28,000. Hara Capital LLC bought a new stake in shares of Kraft Heinz during the second quarter valued at approximately $29,000. Finally, DV Equities LLC acquired a new position in Kraft Heinz during the fourth quarter worth $29,000. Institutional investors own 78.17% of the company’s stock.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the stock in a transaction on Thursday, June 18th. The stock was 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 in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

Kraft Heinz Trading Up 0.4%

Shares of KHC 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 stock has a market capitalization of $30.44 billion, a P/E ratio of -8.98 and a beta of 0.08. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $25.03 and a two-hundred day simple moving average of $23.90.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. 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 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. Kraft Heinz’s dividend payout ratio is currently -55.94%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KHC shares. BNP Paribas Exane upped their target price on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft upped their price target on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Weiss Ratings downgraded shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. UBS Group increased their price target on shares of Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $23.62.

About Kraft Heinz

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.