Northstar Financial Companies Inc. acquired a new position in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,151 shares of the company’s stock, valued at approximately $523,000.
Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Kraft Heinz by 0.6% in the 4th 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. Swiss Life Asset Management Ltd grew its holdings in shares of Kraft Heinz by 148.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after buying an additional 1,295,688 shares in the last quarter. Westhampton Capital LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at about $1,222,000. Swedbank AB raised its position in shares of Kraft Heinz by 10.2% in the fourth quarter. Swedbank AB now owns 1,359,161 shares of the company’s stock valued at $32,960,000 after buying an additional 125,307 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Kraft Heinz by 22.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 523,167 shares of the company’s stock worth $12,687,000 after buying an additional 97,426 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.
Insider Buying and Selling at Kraft Heinz
In other news, insider Diana Frost sold 18,502 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the transaction, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.
Kraft Heinz Price Performance
Kraft Heinz (NASDAQ:KHC – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Analysts predict that Kraft Heinz Company will post 2.06 earnings per share for the current year.
Kraft Heinz Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s dividend payout ratio is -55.94%.
Analyst Ratings Changes
A number of research firms recently weighed in on KHC. Piper Sandler boosted their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Barclays raised their target price on shares of Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Evercore set a $24.00 price target on Kraft Heinz in a research report on Thursday, August 6th. Finally, BNP Paribas Exane increased their price target on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz has a consensus rating of “Reduce” and an average price target of $23.62.
Check Out Our Latest Stock Report on Kraft Heinz
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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