Praxis Investment Management Inc. Raises Holdings in Kraft Heinz Company $KHC

Praxis Investment Management Inc. boosted its position in Kraft Heinz Company (NASDAQ:KHC) by 50.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,325 shares of the company’s stock after purchasing an additional 20,858 shares during the quarter. Praxis Investment Management Inc.’s holdings in Kraft Heinz were worth $1,402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jessup Wealth Management Inc purchased a new stake in shares of Kraft Heinz during the fourth quarter worth $27,000. Reflection Asset Management purchased a new position in shares of Kraft Heinz in the fourth quarter worth about $28,000. Key Capital Management INC acquired a new position in Kraft Heinz during the fourth quarter worth about $29,000. DV Equities LLC acquired a new position in Kraft Heinz during the fourth quarter worth about $29,000. Finally, New England Capital Financial Advisors LLC grew its stake in Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after acquiring an additional 511 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the firm’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 directly owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This trade represents 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 hyperlink. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

KHC has been the topic of a number of research reports. BNP Paribas Exane raised their target price on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. dropped their price target on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating for the company in a research report on Wednesday, March 25th. Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their price target for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. UBS Group lifted their price objective on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Jefferies Financial Group lowered their price objective on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $22.88.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $25.37 on Friday. The firm has a 50 day simple moving average of $23.39 and a 200-day simple moving average of $23.46. The stock has a market cap of $30.08 billion, a price-to-earnings ratio of -5.22 and a beta of 0.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.19.

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

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid 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 was Friday, June 5th. Kraft Heinz’s dividend payout ratio 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.