GSA Capital Partners LLP Makes New Investment in Kraft Heinz Company $KHC

GSA Capital Partners LLP purchased a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,323 shares of the company’s stock, valued at approximately $929,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Kraft Heinz by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after purchasing an additional 616,283 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in Kraft Heinz by 148.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after purchasing an additional 1,295,688 shares during the last quarter. Westhampton Capital LLC acquired a new position in Kraft Heinz during the 4th quarter valued at approximately $1,222,000. Swedbank AB increased its stake in Kraft Heinz by 10.2% during the 4th quarter. Swedbank AB now owns 1,359,161 shares of the company’s stock valued at $32,960,000 after purchasing an additional 125,307 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in shares of Kraft Heinz by 68.7% in the fourth quarter. AustralianSuper Pty Ltd now owns 2,052,635 shares of the company’s stock worth $49,776,000 after buying an additional 835,554 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Diana Frost sold 18,502 shares of the business’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 completion of 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KHC has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Sanford C. Bernstein lowered 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. Barclays raised their target price on Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Weiss Ratings downgraded Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $23.62.

Kraft Heinz Stock Up 0.3%

KHC stock opened at $24.82 on Wednesday. The company has a market capitalization of $29.43 billion, a P/E ratio of -8.68 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 fifty day simple moving average is $24.91 and its 200-day simple moving average is $23.84. 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 issued its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, equities research analysts forecast that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed 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 is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. Kraft Heinz’s dividend payout ratio (DPR) is presently -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.