Kraft Heinz Company $KHC Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its stake in Kraft Heinz Company (NASDAQ:KHC) by 12.0% during the 2nd quarter, Holdings Channel reports. The fund owned 302,304 shares of the company’s stock after acquiring an additional 32,490 shares during the period. Van ECK Associates Corp’s holdings in Kraft Heinz were worth $7,140,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Cassaday & Co Wealth Management LLC acquired a new position in Kraft Heinz in the 1st quarter valued at about $27,000. Jessup Wealth Management Inc acquired a new stake in shares of Kraft Heinz during the 4th quarter worth about $27,000. Reflection Asset Management purchased a new stake in shares of Kraft Heinz during the fourth quarter worth about $28,000. Hara Capital LLC purchased a new stake in shares of Kraft Heinz during the second quarter worth about $29,000. Finally, DV Equities LLC acquired a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $25.87 on Wednesday. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.09. 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 company has a 50 day moving average price of $25.33 and a 200 day moving average price of $23.93. The firm has a market capitalization of $30.68 billion, a price-to-earnings ratio of -9.05 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share 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 company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the business earned $0.69 EPS. Kraft Heinz’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. Sell-side analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a yield of 6.2%. Kraft Heinz’s dividend payout ratio (DPR) is presently -55.94%.

Insiders Place Their Bets

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, the insider owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KHC. Piper Sandler upped their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Evercore set a $24.00 price target on Kraft Heinz in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft raised their price objective on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Wall Street Zen downgraded Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, BNP Paribas Exane increased their target price on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Kraft Heinz presently has a consensus rating of “Reduce” and a consensus target price 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.