Commerzbank Aktiengesellschaft FI Takes $4.01 Million Position in Kraft Heinz Company $KHC

Commerzbank Aktiengesellschaft FI purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC) in the second quarter, HoldingsChannel.com reports. The fund purchased 169,939 shares of the company’s stock, valued at approximately $4,014,000.

Several other large investors have also made changes to their positions in KHC. Cassaday & Co Wealth Management LLC acquired a new position in Kraft Heinz during the first quarter valued at approximately $27,000. Jessup Wealth Management Inc acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at $27,000. Reflection Asset Management acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at $28,000. DV Equities LLC bought a new position in shares of Kraft Heinz in the 4th quarter valued at $29,000. Finally, New England Capital Financial Advisors LLC increased its stake 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 valued at $30,000 after purchasing an additional 511 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Down 3.0%

Shares of NASDAQ:KHC opened at $24.75 on Tuesday. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $28.10. The company has a market capitalization of $29.35 billion, a PE ratio of -8.65 and a beta of 0.08. 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 fifty day moving average of $24.88 and a 200-day moving average of $23.83.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share 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 for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the company posted $0.69 EPS. Kraft Heinz’s quarterly revenue was down 1.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, equities analysts predict that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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

Insider Activity

In related news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of research analyst reports. Barclays boosted their price target on Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. 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 report on Wednesday, July 8th. 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. JPMorgan Chase & Co. boosted their target price on Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. Finally, BNP Paribas Exane increased their target price on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, June 30th. One investment 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $23.62.

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.