Rayburn West Financial Services LLC Makes New $1 Million Investment in Kraft Heinz Company $KHC

Rayburn West Financial Services LLC purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, HoldingsChannel reports. The firm purchased 41,390 shares of the company’s stock, valued at approximately $1,004,000.

Several other hedge funds have also recently added to or reduced their stakes in KHC. Key Capital Management INC bought a new stake in shares of Kraft Heinz in the 4th quarter valued at $29,000. New England Capital Financial Advisors LLC increased its stake in shares of Kraft Heinz by 70.2% in 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. Rakuten Securities Inc. increased its stake in shares of Kraft Heinz by 172.4% in the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after acquiring an additional 788 shares in the last quarter. Anfield Capital Management LLC increased its stake in shares of Kraft Heinz by 256.7% in the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after acquiring an additional 914 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new stake in shares of Kraft Heinz in the 3rd quarter valued at $38,000. Institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on KHC shares. Mizuho lowered their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Barclays lifted their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. BNP Paribas Exane decreased their price target on shares of Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. Sanford C. Bernstein upped their price objective on shares of Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday, February 12th. Finally, Zacks Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $23.06.

Insider Buying and Selling at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $24.61, for a total value of $222,597.45. Following the transaction, the insider directly owned 202,454 shares of the company’s stock, valued at approximately $4,982,392.94. The trade was a 4.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.

Kraft Heinz Price Performance

KHC opened at $23.18 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. The company has a market capitalization of $27.49 billion, a price-to-earnings ratio of -4.77 and a beta of 0.06. The firm’s fifty day moving average price is $22.69 and its two-hundred day moving average price is $23.76. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts anticipate that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz’s payout ratio is -32.92%.

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.