Kraft Heinz Company $KHC Shares Purchased by DNB Asset Management AS

DNB Asset Management AS boosted its position in Kraft Heinz Company (NASDAQ:KHC) by 9.3% during the 4th quarter, Holdings Channel reports. The fund owned 620,195 shares of the company’s stock after acquiring an additional 52,629 shares during the quarter. DNB Asset Management AS’s holdings in Kraft Heinz were worth $15,040,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Savoir Faire Capital Management L.P. bought a new position in Kraft Heinz in the 3rd quarter valued at about $12,923,000. Schroder Investment Management Group increased its holdings in Kraft Heinz by 2.4% in the 3rd 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. Vanguard Group Inc. increased 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 buying an additional 616,283 shares during the period. Russell Investments Group Ltd. increased its holdings in Kraft Heinz by 37.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock valued at $51,717,000 after buying an additional 540,532 shares during the period. Finally, Peak Retirement Planning Inc. bought a new position in Kraft Heinz in the 3rd quarter valued at about $1,655,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $24.61, for a total value of $222,597.45. Following the completion of the transaction, the insider owned 202,454 shares of the company’s stock, valued at $4,982,392.94. This represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is currently owned by insiders.

Kraft Heinz Price Performance

Shares of KHC stock opened at $22.92 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19. The company has a market cap of $27.18 billion, a P/E ratio of -4.72 and a beta of 0.06. The business has a fifty day simple moving average of $22.65 and a 200 day simple moving average of $23.73.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. During the same period in the prior year, the company earned $0.62 EPS. Kraft Heinz’s revenue for the quarter was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, sell-side analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz’s dividend payout ratio is presently -32.92%.

Analyst Ratings Changes

KHC has been the topic of several recent analyst reports. TD Cowen decreased their target price on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Barclays upped their price objective on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Jefferies Financial Group dropped their price objective on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Morgan Stanley set a $22.00 price objective on Kraft Heinz in a research report on Thursday, April 23rd. Finally, Sanford C. Bernstein upped their price objective on Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Kraft Heinz has an average rating of “Reduce” and an average price target of $23.06.

About Kraft Heinz

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.