Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Kraft Heinz Company $KHC

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Kraft Heinz Company (NASDAQ:KHCFree Report) by 18.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 513,991 shares of the company’s stock after buying an additional 80,261 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kraft Heinz were worth $12,464,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KHC. Nordea Investment Management AB increased its holdings in shares of Kraft Heinz by 75.1% in the third quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock worth $351,263,000 after purchasing an additional 5,873,967 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Kraft Heinz by 2,264.5% in the fourth quarter. SG Americas Securities LLC now owns 1,458,451 shares of the company’s stock worth $35,367,000 after purchasing an additional 1,396,770 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Kraft Heinz by 97.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,826,723 shares of the company’s stock worth $73,608,000 after purchasing an additional 1,392,904 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Kraft Heinz by 112.2% in the third quarter. Ameriprise Financial Inc. now owns 2,491,597 shares of the company’s stock worth $64,872,000 after purchasing an additional 1,317,201 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Kraft Heinz by 77.5% in the third quarter. Victory Capital Management Inc. now owns 2,826,152 shares of the company’s stock worth $73,593,000 after purchasing an additional 1,234,078 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Insider Transactions at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $24.61, for a total transaction of $222,597.45. Following the completion of the transaction, the insider owned 202,454 shares in the company, valued at $4,982,392.94. The trade was a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by insiders.

Key Kraft Heinz News

Here are the key news stories impacting Kraft Heinz this week:

Wall Street Analyst Weigh In

KHC has been the topic of several research reports. The Goldman Sachs Group set a $23.00 target price on Kraft Heinz in a report on Thursday, February 12th. TD Cowen cut their target price on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. BNP Paribas Exane cut their target price on shares of Kraft Heinz from $19.00 to $18.00 and set an “underperform” rating for the company in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, March 30th. Finally, UBS Group cut their target price on shares of Kraft Heinz from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $23.47.

Check Out Our Latest Stock Analysis on Kraft Heinz

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $21.97 on Friday. The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of -4.45 and a beta of 0.07. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $30.12. The firm’s 50-day moving average is $23.07 and its 200 day moving average is $23.99. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the previous year, the business earned $0.84 EPS. Kraft Heinz’s revenue was down 3.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Research analysts predict that Kraft Heinz Company will post 2.03 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 7.3%. Kraft Heinz’s payout ratio is presently -32.39%.

Kraft Heinz Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraft Heinz Company (NASDAQ:KHCFree Report).

Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.