Deutsche Bank AG Takes $179.88 Million Position in Kraft Heinz Company $KHC

Deutsche Bank AG purchased a new stake in Kraft Heinz Company (NASDAQ:KHC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,615,422 shares of the company’s stock, valued at approximately $179,876,000. Deutsche Bank AG owned about 0.64% of Kraft Heinz as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in KHC. Vanguard Group Inc. increased its stake in shares of Kraft Heinz by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after acquiring an additional 616,283 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Kraft Heinz by 10.5% in the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock valued at $478,347,000 after purchasing an additional 1,870,310 shares during the period. Auto Owners Insurance Co increased its position in Kraft Heinz by 3,034.1% during the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after purchasing an additional 15,951,271 shares during the last quarter. Norges Bank acquired a new stake in Kraft Heinz during the fourth quarter worth about $332,382,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Kraft Heinz by 3.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,893,686 shares of the company’s stock worth $239,922,000 after purchasing an additional 341,197 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Activity

In other news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Up 0.3%

Kraft Heinz stock opened at $24.82 on Wednesday. The firm has a market capitalization of $29.43 billion, a P/E ratio of -8.68 and a beta of 0.08. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $28.10. The stock’s fifty day simple moving average is $24.91 and its 200-day simple moving average is $23.84.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period last year, the business posted $0.69 earnings per share. Kraft Heinz’s 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. As a group, equities analysts expect that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed 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 6.4%. The ex-dividend date is Friday, September 4th. Kraft Heinz’s dividend payout ratio (DPR) is presently -55.94%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KHC. Weiss Ratings lowered shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Piper Sandler lifted their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. UBS Group upped their price objective on Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. raised their target price on Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $23.62.

Kraft Heinz 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.