Capital International Investors Raises Holdings in Kraft Heinz Company $KHC

Capital International Investors lifted its holdings in Kraft Heinz Company (NASDAQ:KHC) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 7,583,727 shares of the company’s stock after acquiring an additional 30,991 shares during the period. Capital International Investors’ holdings in Kraft Heinz were worth $197,480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KHC. Bank of Montreal Can raised its position in Kraft Heinz by 14.7% in the 3rd quarter. Bank of Montreal Can now owns 1,497,390 shares of the company’s stock worth $38,992,000 after buying an additional 192,287 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Kraft Heinz by 0.6% during the 3rd quarter. Legal & General Group Plc now owns 6,516,488 shares of the company’s stock valued at $169,689,000 after acquiring an additional 41,380 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in shares of Kraft Heinz by 8.6% in the third quarter. Banque Cantonale Vaudoise now owns 134,307 shares of the company’s stock worth $3,497,000 after acquiring an additional 10,662 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Kraft Heinz by 37.4% in the third quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock worth $51,717,000 after acquiring an additional 540,532 shares during the period. Finally, Schroder Investment Management Group raised its holdings in shares of Kraft Heinz by 2.4% during the third quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock valued at $84,994,000 after purchasing an additional 77,045 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Down 2.2%

Shares of KHC stock opened at $23.14 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12 month low of $21.99 and a 12 month high of $31.15. The stock has a market cap of $27.39 billion, a P/E ratio of -4.68 and a beta of 0.06. The company has a 50 day simple moving average of $23.98 and a two-hundred day simple moving average of $24.90.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter last year, the company posted $0.84 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, research analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s dividend payout ratio is currently -32.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KHC shares. The Goldman Sachs Group set a $23.00 price objective on shares of Kraft Heinz in a research report on Thursday, February 12th. Morgan Stanley reiterated an “underweight” rating and set a $23.00 target price on shares of Kraft Heinz in a research note on Tuesday, February 17th. JPMorgan Chase & Co. cut Kraft Heinz from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $24.00 to $22.00 in a report on Thursday, February 12th. Zacks Research downgraded Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $24.89.

Insider Activity at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the sale, the insider directly owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This represents a 15.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cory Onell sold 4,991 shares of Kraft Heinz stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total transaction of $121,480.94. Following the transaction, the insider owned 197,463 shares in the company, valued at approximately $4,806,249.42. This trade represents a 2.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 139,036 shares of company stock valued at $3,446,578 over the last three months. 0.35% of the stock is currently owned by insiders.

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.