Swedbank AB boosted its position in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,359,161 shares of the company’s stock after buying an additional 125,307 shares during the quarter. Swedbank AB’s holdings in Kraft Heinz were worth $32,960,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Corp acquired a new stake in Kraft Heinz during the third quarter valued at $4,678,000. Savoir Faire Capital Management L.P. acquired a new stake in Kraft Heinz during the third quarter valued at $12,923,000. Schroder Investment Management Group grew its position in Kraft Heinz by 2.4% during the third quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock valued at $84,994,000 after buying an additional 77,045 shares during the period. Russell Investments Group Ltd. lifted its holdings in Kraft Heinz by 37.4% during the third quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock valued at $51,717,000 after purchasing an additional 540,532 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Kraft Heinz by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after purchasing an additional 616,283 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.
Kraft Heinz Stock Performance
NASDAQ:KHC opened at $23.64 on Friday. The company’s 50-day moving average price is $22.78 and its 200-day moving average price is $23.82. The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a market cap of $28.03 billion, a P/E ratio of -4.86 and a beta of 0.06. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19.
Kraft Heinz Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. JPMorgan Chase & Co. decreased their price objective on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, March 25th. Piper Sandler decreased their price objective on shares of Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday. BTIG Research assumed coverage on shares of Kraft Heinz in a report on Monday, April 13th. They set a “neutral” rating on the stock. Finally, The Goldman Sachs Group set a $23.00 price objective on shares of Kraft Heinz in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $23.53.
Check Out Our Latest Research Report on KHC
Kraft Heinz News Summary
Here are the key news stories impacting Kraft Heinz this week:
- Positive Sentiment: Q1 beat — KHC reported adjusted EPS of $0.58 (vs. ~$0.50 consensus) and revenue of ~$6.05B, showing early sales improvement that traders view as evidence the turnaround is working. Read More.
- Positive Sentiment: Dividend commitment — the company declared a $0.40 quarterly dividend (annualized yield roughly 6.8%), which supports income-focused investors and underpins valuation support. (Company announcement)
- Positive Sentiment: Investing in growth — Kraft Heinz is boosting marketing spend ~37% and promoting innovations (e.g., protein Kraft Mac & Cheese) plus an NFL sponsorship, signaling management is prioritizing brand-building to regain share. Read More.
- Positive Sentiment: Balance-sheet move — the company launched a $1.1B cash tender offer to repurchase certain 2046 and 2049 senior notes, a proactive liability-management step that can reduce interest burden and extend maturities. Read More.
- Neutral Sentiment: Analyst stance — Deutsche Bank nudged its price target to $22 from $20 but kept a “hold” rating, which signals limited near-term upside in analyst coverage despite operational improvements. Read More.
- Neutral Sentiment: Market backdrop — a broad market rally (S&P strength) has helped stocks overall, supporting KHC’s move but not reflecting company-specific fundamentals. Read More.
- Negative Sentiment: Underlying demand weakness — organic sales and volumes slipped; management has cut prices to regain affordability, which helps top-line traffic but pressures margins and operating income near-term. Read More.
- Negative Sentiment: Category and pricing uncertainty — CEO comments about rethinking “price architecture” and questions over the frozen-business strategy signal potential portfolio changes and continued price/mix volatility. Read More.
Insider Buying and Selling at Kraft Heinz
In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of Kraft Heinz stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45. Following the transaction, the insider directly owned 202,454 shares of the company’s stock, valued at $4,982,392.94. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.
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.
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