Longfellow Investment Management Co. LLC Invests $8.81 Million in Kraft Heinz Company $KHC

Longfellow Investment Management Co. LLC purchased a new stake in Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, HoldingsChannel reports. The fund purchased 372,872 shares of the company’s stock, valued at approximately $8,807,000. Kraft Heinz accounts for 1.8% of Longfellow Investment Management Co. LLC’s holdings, making the stock its 12th biggest position.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Kraft Heinz during the first quarter worth $207,000. Woodline Partners LP grew its position in shares of Kraft Heinz by 39.0% in the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after purchasing an additional 20,690 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Kraft Heinz by 16.6% during the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after purchasing an additional 7,307 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Kraft Heinz by 0.8% in 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 bought a new position in Kraft Heinz in the 2nd quarter worth about $207,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

KHC stock opened at $25.51 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $24.86 and its 200 day moving average is $23.83. The stock has a market cap of $30.25 billion, a price-to-earnings ratio of -8.92 and a beta of 0.08. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $28.10.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s payout ratio is currently -55.94%.

Insider Transactions at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

KHC has been the subject of several recent analyst reports. Piper Sandler boosted their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. UBS Group raised their price target on shares of Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Morgan Stanley set a $22.00 price target on shares of Kraft Heinz in a research report on Thursday, April 23rd. BNP Paribas Exane upped their price target on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, June 30th. Finally, Barclays increased their price objective on Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $23.62.

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.