Northwestern Mutual Wealth Management Co. Invests $2.16 Million in Kraft Heinz Company $KHC

Northwestern Mutual Wealth Management Co. bought a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) during the second quarter, Holdings Channel reports. The fund bought 91,583 shares of the company’s stock, valued at approximately $2,163,000.

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

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. BNP Paribas Exane boosted their price objective on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. increased their target price on Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. TD Cowen raised their target price on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein lowered 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 research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $23.62.

Kraft Heinz Price Performance

KHC stock opened at $25.67 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The business has a 50 day simple moving average of $25.03 and a 200-day simple moving average of $23.90. The firm has a market capitalization of $30.44 billion, a PE ratio of -8.98 and a beta of 0.08. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $28.09.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $0.69 EPS. The company’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. Equities research analysts anticipate that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

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

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.