Bryn Mawr Trust Advisors LLC Makes New Investment in Kraft Heinz Company $KHC

Bryn Mawr Trust Advisors LLC acquired a new position in Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 131,920 shares of the company’s stock, valued at approximately $3,116,000.

Other large investors have also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC purchased a new stake in Kraft Heinz in the 1st quarter worth approximately $27,000. Jessup Wealth Management Inc bought a new position in shares of Kraft Heinz in the fourth quarter worth approximately $27,000. Reflection Asset Management bought a new position in shares of Kraft Heinz in the fourth quarter worth approximately $28,000. Key Capital Management INC purchased a new stake in shares of Kraft Heinz in the fourth quarter worth $29,000. Finally, DV Equities LLC bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $29,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on KHC shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. BNP Paribas Exane boosted their price objective on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research report on Tuesday, June 30th. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Piper Sandler increased their target price on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. One equities research 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, the stock presently has a consensus rating of “Reduce” and an average price target of $23.62.

Insider Activity at Kraft Heinz

In related 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 sale, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $25.51 on Friday. The firm has a market cap of $30.25 billion, a price-to-earnings ratio of -8.92 and a beta of 0.08. The firm has a fifty day moving average price of $24.86 and a 200 day moving average price of $23.82. 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.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. Kraft Heinz’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, sell-side analysts expect that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s payout ratio 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.