Elemental Capital Partners LLC Purchases Shares of 37,584 Kraft Heinz Company $KHC

Elemental Capital Partners LLC acquired a new position in shares of Kraft Heinz Company (NASDAQ:KHC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 37,584 shares of the company’s stock, valued at approximately $845,000. Kraft Heinz comprises 0.4% of Elemental Capital Partners LLC’s portfolio, making the stock its 9th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Leonteq Securities AG increased its stake in shares of Kraft Heinz by 91.1% during the first quarter. Leonteq Securities AG now owns 442,561 shares of the company’s stock worth $9,953,000 after purchasing an additional 210,931 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Kraft Heinz by 84.5% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 211,711 shares of the company’s stock valued at $4,761,000 after purchasing an additional 96,950 shares during the period. Platform Technology Partners acquired a new position in Kraft Heinz in the 1st quarter valued at $326,000. Sound Income Strategies LLC grew its holdings in Kraft Heinz by 1.0% in the 1st quarter. Sound Income Strategies LLC now owns 323,045 shares of the company’s stock valued at $7,194,000 after buying an additional 3,134 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its position in Kraft Heinz by 106.3% during the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 49,363 shares of the company’s stock worth $1,110,000 after acquiring an additional 25,434 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. UBS Group raised their target price on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wells Fargo & Company cut their price target on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Jefferies Financial Group reduced their price target on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. Finally, JPMorgan Chase & Co. dropped their price objective on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating for the company in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Reduce” and a consensus target price of $22.88.

Insider Transactions at Kraft Heinz

In other Kraft Heinz 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 transaction of $426,471.10. Following the completion of the transaction, the insider owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $25.37 on Friday. The firm has a 50 day moving average of $23.32 and a 200-day moving average of $23.45. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $30.08 billion, a PE ratio of -5.22 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. During the same period last year, the firm posted $0.62 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities research analysts predict that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 6.3%. Kraft Heinz’s dividend payout ratio (DPR) is -32.92%.

About Kraft Heinz

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.