Corient Private Wealth LP Buys 576,120 Shares of Kraft Heinz Company $KHC

Corient Private Wealth LP increased its stake in Kraft Heinz Company (NASDAQ:KHC) by 416.9% in the second quarter, Holdings Channel.com reports. The firm owned 714,316 shares of the company’s stock after purchasing an additional 576,120 shares during the quarter. Corient Private Wealth LP’s holdings in Kraft Heinz were worth $16,872,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KHC. Alyeska Investment Group L.P. acquired a new stake in Kraft Heinz in the 2nd quarter valued at approximately $1,968,000. OMERS ADMINISTRATION Corp acquired a new position in Kraft Heinz during the 2nd quarter worth approximately $1,076,000. Swedbank AB grew its stake in shares of Kraft Heinz by 10.2% during the 4th quarter. Swedbank AB now owns 1,359,161 shares of the company’s stock worth $32,960,000 after acquiring an additional 125,307 shares in the last quarter. Franklin Street Advisors Inc. NC grew its stake in shares of Kraft Heinz by 70.2% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 994,375 shares of the company’s stock worth $23,487,000 after acquiring an additional 410,029 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Kraft Heinz by 60.4% in the first quarter. Janus Henderson Group PLC now owns 107,535 shares of the company’s stock valued at $2,418,000 after purchasing an additional 40,473 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $24.30 on Tuesday. The firm has a market capitalization of $28.81 billion, a P/E ratio of -8.49, a price-to-earnings-growth ratio of 2.99 and a beta of 0.09. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The firm’s fifty day moving average price is $25.45 and its two-hundred day moving average price is $23.97. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $28.09.

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 negative net margin of 13.64% and a positive return on equity of 7.10%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, research analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

The firm 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 dividend of $0.40 per share. The ex-dividend date is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a yield of 6.6%. 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 that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the transaction, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Sanford C. Bernstein cut shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. BNP Paribas Exane increased their price objective 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. Piper Sandler raised their price objective on Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, TD Cowen lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $23.33.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers, foodservice operators and other customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, beverages, snacks and other packaged foods.

The company’s well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House and Classico, among others.