Corient Private Wealth LP boosted its position in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) by 416.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 714,316 shares of the company’s stock after purchasing an additional 576,120 shares during the quarter. Corient Private Wealth LP owned about 0.06% of Kraft Heinz worth $16,872,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Kraft Heinz during the second quarter worth approximately $1,803,911,000. California State Teachers Retirement System boosted its stake in Kraft Heinz by 2,805.5% in the second quarter. California State Teachers Retirement System now owns 38,073,220 shares of the company’s stock valued at $899,289,000 after acquiring an additional 36,762,849 shares during the last quarter. Auto Owners Insurance Co grew its holdings in Kraft Heinz by 3,034.1% during the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after acquiring an additional 15,951,271 shares during the period. Norges Bank acquired a new stake in Kraft Heinz during the 4th quarter worth $332,382,000. Finally, Pacer Advisors Inc. raised its position in shares of Kraft Heinz by 7.3% during the 1st quarter. Pacer Advisors Inc. now owns 9,270,503 shares of the company’s stock valued at $208,494,000 after acquiring an additional 633,645 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.
Kraft Heinz Price Performance
Shares of KHC stock opened at $24.30 on Tuesday. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.09. The firm has a market capitalization of $28.81 billion, a price-to-earnings ratio of -8.49, a price-to-earnings-growth ratio of 2.99 and a beta of 0.09. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average of $25.45 and a 200-day moving average of $23.97.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate 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 revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, equities research analysts forecast 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 given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.6%. Kraft Heinz’s dividend payout ratio (DPR) is currently -55.94%.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Piper Sandler increased their price target on Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Barclays upped their price objective on Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. Weiss Ratings lowered Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Finally, TD Cowen upped their price target on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $23.33.
Check Out Our Latest Report on KHC
Insider Buying and Selling at Kraft Heinz
In other news, insider Diana Frost sold 18,502 shares of Kraft Heinz 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 transaction, the insider owned 102,667 shares in the company, valued at $2,366,474.35. The trade was a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is owned by company insiders.
Kraft Heinz Profile
The Kraft Heinz Company NASDAQ: KHC is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers, foodservice operators and other customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, beverages, snacks and other packaged foods.
The company’s well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House and Classico, among others.
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