Csenge Advisory Group Makes New Investment in Kraft Heinz Company $KHC

Csenge Advisory Group bought a new stake in Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,343 shares of the company’s stock, valued at approximately $882,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KHC. Graney & King LLC raised its holdings in shares of Kraft Heinz by 20.5% in the 4th quarter. Graney & King LLC now owns 2,560 shares of the company’s stock worth $62,000 after purchasing an additional 435 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in Kraft Heinz by 1.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock valued at $718,000 after purchasing an additional 490 shares during the period. New England Capital Financial Advisors LLC increased its position in Kraft Heinz by 70.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after buying an additional 511 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in Kraft Heinz by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock worth $201,000 after buying an additional 515 shares during the last quarter. Finally, Bridgewater Associates LP raised its stake in shares of Kraft Heinz by 1.1% in the fourth quarter. Bridgewater Associates LP now owns 52,833 shares of the company’s stock valued at $1,281,000 after buying an additional 578 shares during the period. 78.17% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the sale, the insider directly owned 102,667 shares of the company’s stock, valued at $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KHC. BNP Paribas Exane increased their price target on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a report on Thursday, April 23rd. TD Cowen increased their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein downgraded shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $25.00 to $21.00 in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $23.62.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $25.68 on Thursday. The stock has a market cap of $30.45 billion, a PE ratio of -8.98 and a beta of 0.08. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $28.10. 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 stock has a fifty day moving average of $24.94 and a 200-day moving average of $23.86.

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 analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company 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 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Friday, September 4th. 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.