20,529 Shares in Kraft Heinz Company $KHC Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,529 shares of the company’s stock, valued at approximately $485,000.

Several other institutional investors and hedge funds have also bought and sold shares of KHC. Auto Owners Insurance Co raised its holdings in shares of Kraft Heinz by 3,034.1% during the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after purchasing an additional 15,951,271 shares during the last quarter. Norges Bank purchased a new stake in Kraft Heinz in the fourth quarter valued at $332,382,000. Bank of New York Mellon Corp purchased a new stake in Kraft Heinz in the second quarter valued at $170,097,000. Barclays PLC grew its position in Kraft Heinz by 77.8% during the 4th quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock worth $217,599,000 after purchasing an additional 3,926,141 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Kraft Heinz by 94.8% during the 1st quarter. California Public Employees Retirement System now owns 4,347,594 shares of the company’s stock valued at $97,777,000 after buying an additional 2,116,175 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BNP Paribas Exane upped their target price on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. UBS Group boosted their price target on Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Sanford C. Bernstein lowered Kraft Heinz from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. Barclays raised their price objective on shares of Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, TD Cowen boosted their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. One investment 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, Kraft Heinz has a consensus rating of “Reduce” and an average target price of $23.62.

Kraft Heinz Stock Down 3.0%

Shares of KHC opened at $24.75 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $28.10. The stock’s 50 day moving average is $24.88 and its two-hundred day moving average is $23.83. The firm has a market cap of $29.35 billion, a P/E ratio of -8.65 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results 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. 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 the consensus estimate of $6.18 billion. During the same period in the prior year, the company posted $0.69 EPS. The business’s quarterly 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. Analysts predict that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared 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 6.5%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s payout ratio is presently -55.94%.

Insiders Place Their Bets

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the transaction, the insider directly 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 legal filing with the SEC, which is accessible through this hyperlink. 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.