Pallas Capital Advisors LLC Makes New $560,000 Investment in Kraft Heinz Company $KHC

Pallas Capital Advisors LLC purchased a new position in Kraft Heinz Company (NASDAQ:KHC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,689 shares of the company’s stock, valued at approximately $560,000.

A number of other large investors have also made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Kraft Heinz during the 1st quarter worth about $207,000. Woodline Partners LP grew its stake in Kraft Heinz by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after acquiring an additional 20,690 shares during the period. NewEdge Advisors LLC raised its holdings in Kraft Heinz by 16.6% in the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after acquiring an additional 7,307 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after purchasing an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC acquired a new stake in shares of Kraft Heinz during the second quarter worth $207,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Up 3.5%

KHC stock opened at $25.68 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The company has a market cap of $30.45 billion, a price-to-earnings ratio of -8.98 and a beta of 0.08. The business has a fifty day simple moving average of $24.94 and a 200-day simple moving average of $23.86. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $28.10.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating 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 firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter 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 research analysts expect that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s payout ratio is currently -55.94%.

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 transaction of $426,471.10. Following the completion of the sale, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

KHC has been the subject of several analyst reports. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Evercore set a $24.00 price target on Kraft Heinz in a research note on Thursday, August 6th. Piper Sandler lifted their price target on Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Barclays upped their price objective on shares of Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Kraft Heinz has a consensus rating of “Reduce” and an average target price of $23.62.

Kraft Heinz 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.