Deutsche Bank AG acquired a new position in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 7,615,422 shares of the company’s stock, valued at approximately $179,876,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of KHC. Auto Owners Insurance Co raised its stake in Kraft Heinz by 3,034.1% in the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock valued at $39,957,000 after buying an additional 15,951,271 shares in the last quarter. Norges Bank acquired a new position in shares of Kraft Heinz during the 4th quarter worth about $332,382,000. Bank of New York Mellon Corp acquired a new position in shares of Kraft Heinz during the 2nd quarter worth about $170,097,000. Barclays PLC increased its holdings in shares of Kraft Heinz by 77.8% in the 4th quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock valued at $217,599,000 after acquiring an additional 3,926,141 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Kraft Heinz in the 2nd quarter valued at about $51,392,000. Institutional investors and hedge funds own 78.17% of the company’s stock.
Insider Buying and Selling at Kraft Heinz
In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.
Kraft Heinz Trading Up 0.3%
Kraft Heinz (NASDAQ:KHC – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Analysts expect that Kraft Heinz Company will post 2.06 earnings per share for the current year.
Kraft Heinz Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s dividend payout ratio (DPR) is presently -55.94%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on shares of Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, July 15th. Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Barclays upped their target price on shares of Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $23.62.
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 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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