Rep. Robert Bresnahan, Jr. Buys The Kraft Heinz Company (NASDAQ:KHC) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of The Kraft Heinz Company (NASDAQ:KHC). In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Kraft Heinz stock on February 25th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 3/7/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/6/2025.
• Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/5/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Twilio (NYSE:TWLO) on 3/4/2025.
• Sold $15,001 – $50,000 in shares of Alibaba Group (NYSE:BABA) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Zoom Video Communications (NASDAQ:ZM) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/3/2025.
• Purchased $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 3/3/2025.

Kraft Heinz Price Performance

KHC opened at $30.24 on Friday. The firm has a 50-day moving average price of $29.99 and a 200-day moving average price of $31.71. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $36.14 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.29%. Kraft Heinz’s dividend payout ratio is presently 70.80%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KHC shares. Evercore ISI reaffirmed an “in-line” rating and set a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. The Goldman Sachs Group reduced their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus lowered their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their price target for the company from $34.00 to $28.00 in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lowered their price objective on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and a consensus target price of $30.73.

Institutional Trading of Kraft Heinz

Several hedge funds and other institutional investors have recently bought and sold shares of KHC. New York Life Investment Management LLC boosted its stake in shares of Kraft Heinz by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock valued at $3,995,000 after purchasing an additional 361 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Kraft Heinz by 5.3% during the fourth quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock valued at $223,000 after buying an additional 366 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Kraft Heinz by 1.0% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company’s stock valued at $1,097,000 after buying an additional 370 shares during the last quarter. Winch Advisory Services LLC increased its holdings in shares of Kraft Heinz by 20.1% in the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after buying an additional 380 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of Kraft Heinz by 4.0% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,009 shares of the company’s stock valued at $307,000 after acquiring an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.