North Dakota State Investment Board Buys New Stake in Kraft Heinz Company $KHC

North Dakota State Investment Board bought a new stake in Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 29,282 shares of the company’s stock, valued at approximately $710,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Key Capital Management INC purchased a new position in Kraft Heinz during the fourth quarter worth $29,000. New England Capital Financial Advisors LLC boosted its stake in Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after buying an additional 511 shares during the period. Rakuten Securities Inc. boosted its stake in Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after buying an additional 788 shares during the period. Anfield Capital Management LLC boosted its stake in Kraft Heinz by 256.7% during the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after buying an additional 914 shares during the period. Finally, Sentry Investment Management LLC purchased a new position in Kraft Heinz during the third quarter worth $38,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 0.0%

NASDAQ:KHC opened at $23.54 on Friday. 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 $27.91 billion, a price-to-earnings ratio of -4.84 and a beta of 0.06. The stock has a fifty day simple moving average of $22.59 and a 200-day simple moving average of $23.69. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last released its earnings results 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 last year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s payout ratio is presently -32.92%.

More Kraft Heinz News

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Kraft Heinz advanced its balance-sheet management by launching new euro notes and moving ahead with a cash tender offer for up to $1.1 billion of outstanding notes, which could help lower financing costs and extend debt maturity. Kraft Heinz Launches New Euro Notes, Refinances Debt
• Positive Sentiment: The company said it received strong early tender participation and satisfied the financing condition for the buyback, signaling solid demand and a smooth path to completing the transaction. Kraft Heinz Announces Early Tender Participation Results, Satisfaction of the Financing Condition, and Election of Early Settlement
• Positive Sentiment: Kraft Heinz also launched new and reformulated products, including Jell-O without artificial dyes and a lactose-free Kraft Natural Cheese line, which may help revive sales by appealing to health-conscious consumers and new dietary trends. Kraft Heinz launches Jell-O line without artificial dyes
• Neutral Sentiment: Market commentary noted the stock has recently been mixed, with some short-term gains but continued underperformance over longer periods, keeping sentiment cautious even as the shares have edged higher. Kraft Heinz Co. stock rises Wednesday, still underperforms market

Analysts Set New Price Targets

Several research analysts have commented on KHC shares. BNP Paribas Exane dropped their price objective on shares of Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. The Goldman Sachs Group set a $23.00 price objective on shares of Kraft Heinz in a research note on Thursday, February 12th. Jefferies Financial Group dropped their price objective on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $23.06.

Insider Buying and Selling at Kraft Heinz

In related news, insider Cory Onell sold 4,991 shares of Kraft Heinz stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total value of $121,480.94. Following the completion of the sale, the insider directly owned 197,463 shares in the company, valued at $4,806,249.42. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.24% of the stock is owned by insiders.

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.