Sumitomo Mitsui Trust Group Inc. cut its holdings in Kraft Heinz Company (NASDAQ:KHC – Free Report) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,865,038 shares of the company’s stock after selling 188,531 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.16% of Kraft Heinz worth $42,374,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC bought a new position in shares of Kraft Heinz during the 1st quarter valued at about $27,000. Hara Capital LLC bought a new position in Kraft Heinz in the second quarter worth about $29,000. Reyes Financial Architecture Inc. grew its stake in shares of Kraft Heinz by 5,820.8% during the third quarter. Reyes Financial Architecture Inc. now owns 1,421 shares of the company’s stock worth $32,000 after acquiring an additional 1,397 shares during the last quarter. Fiduciary Financial Advisors acquired a new position in Kraft Heinz in the 2nd quarter worth approximately $33,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Kraft Heinz during the 2nd quarter worth about $34,000. Institutional investors own 78.17% of the company’s stock.
Kraft Heinz News Roundup
Here are the key news stories impacting Kraft Heinz this week:
- Positive Sentiment: Adjusted Q3 earnings were $0.53 per share, above analyst estimates of $0.42, while revenue of $6.12 billion also edged past expectations. Kraft Heinz raised its 2026 adjusted earnings outlook and full-year sales view, with growth in emerging markets contributing. Article: Kraft Heinz earnings beat estimates despite falling sales
- Positive Sentiment: The company agreed to sell its North American coffee business, including Maxwell House, to One Rock Capital Partners at a $650 million enterprise value. Kraft Heinz will retain a 30% stake; management says the deal can unlock portfolio value and support its turnaround. Article: Kraft Heinz to divest its North American coffee business
- Positive Sentiment: Kraft Heinz declared a quarterly dividend of $0.40 per share, payable Dec. 23 to shareholders of record Dec. 4. Article: Kraft Heinz declares regular quarterly dividend
- Neutral Sentiment: Management indicated price increases are likely in 2027 as inflation persists. Higher prices could help offset costs, but the impact on shoppers and demand is uncertain. Article: Kraft Heinz says 2027 price hikes are likely
- Negative Sentiment: Despite the quarterly beat, revenue fell 2% year over year and adjusted EPS declined from $0.61 a year earlier. Inflation, weaker consumer demand and margin pressure remain headwinds; management also said trade and marketing timing boosted operating profit versus expectations, tempering the quality of the beat. Article: Kraft Heinz earnings call signals progress amid inflation pressures
Kraft Heinz Price Performance
Shares of KHC opened at $25.46 on Thursday. The stock has a fifty day moving average price of $24.00 and a 200 day moving average price of $23.90. The company has a market cap of $30.19 billion, a P/E ratio of -8.90, a PEG ratio of 2.99 and a beta of 0.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $28.09.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.11. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.09 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. On average, research analysts forecast that Kraft Heinz Company will post 2.06 earnings per share for the current year.
Kraft Heinz Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Friday, December 4th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, December 4th. Kraft Heinz’s dividend payout ratio is -55.94%.
Analysts Set New Price Targets
A number of analysts recently issued reports on KHC shares. Piper Sandler raised their price objective on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Barclays cut their price target on Kraft Heinz from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. JPMorgan Chase & Co. reduced their target price on Kraft Heinz from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Tuesday, October 20th. Evercore set a $24.00 price target on Kraft Heinz in a research note on Thursday, August 6th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Kraft Heinz in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $23.80.
Get Our Latest Stock Report on Kraft Heinz
Kraft Heinz Company Profile
The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.
The company’s brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.
Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.
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