Mitsubishi UFJ Asset Management Co. Ltd. Invests $51.39 Million in Kraft Heinz Company $KHC

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,175,789 shares of the company’s stock, valued at approximately $51,392,000.

A number of other large investors have also recently added to or reduced their stakes in KHC. Cassaday & Co Wealth Management LLC acquired a new position in Kraft Heinz during the 1st quarter worth $27,000. Jessup Wealth Management Inc bought a new position in shares of Kraft Heinz during the fourth quarter worth about $27,000. Reflection Asset Management bought a new position in shares of Kraft Heinz during the fourth quarter worth about $28,000. DV Equities LLC acquired a new position in Kraft Heinz in the fourth quarter worth about $29,000. Finally, New England Capital Financial Advisors LLC grew its position in shares of Kraft Heinz by 70.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after acquiring an additional 511 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings lowered Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. UBS Group lifted their price target on shares of Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Wall Street Zen lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Wells Fargo & Company lifted their target price on Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Finally, JPMorgan Chase & Co. increased their price target on Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and a consensus target price of $23.62.

Kraft Heinz Stock Performance

Shares of KHC opened at $25.68 on Thursday. The stock has a market capitalization of $30.45 billion, a P/E ratio of -8.98 and a beta of 0.08. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.10. The firm’s 50 day moving average is $24.94 and its 200-day moving average is $23.86. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Equities research analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s dividend payout ratio is currently -55.94%.

Insider Buying and Selling at Kraft Heinz

In related 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 $2,366,474.35. This trade represents a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.24% of the stock is owned by company insiders.

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.