Auto Owners Insurance Co Has $39.96 Million Stock Position in Kraft Heinz Company $KHC

Auto Owners Insurance Co boosted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 3,034.1% in the 4th quarter, Holdings Channel reports. The firm owned 16,477,002 shares of the company’s stock after buying an additional 15,951,271 shares during the period. Auto Owners Insurance Co’s holdings in Kraft Heinz were worth $39,957,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Kraft Heinz by 0.6% in the fourth 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 in the last quarter. Invesco Ltd. increased its position in Kraft Heinz by 10.5% during the 4th quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock worth $478,347,000 after purchasing an additional 1,870,310 shares in the last quarter. Nordea Investment Management AB lifted its stake in Kraft Heinz by 0.8% in the 4th quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock valued at $336,134,000 after purchasing an additional 106,970 shares during the last quarter. Norges Bank acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $332,382,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Kraft Heinz by 3.6% in 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 valued at $239,922,000 after buying an additional 341,197 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Key Headlines Impacting Kraft Heinz

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

• Positive Sentiment: Kraft Heinz is overhauling its global structure into three regions — North America, Europe and Pacific Developed Markets, and Emerging Markets — to speed decision-making, improve execution, and support volume-led growth. Kraft Heinz (KHC) Recasts Global Leadership With Three New Regions
• Positive Sentiment: Management said the new operating model should unlock more value from the portfolio by centralizing supply-chain functions and reallocating resources more efficiently, which could improve margins and growth. Will Kraft Heinz’s Reorganization Boost Growth and Efficiency?
• Positive Sentiment: Analysts and commentary noted improving short-term momentum, with Kraft Heinz shares up over the past three months and some estimates suggesting the stock may be undervalued relative to fair value. Kraft Heinz (KHC) Stock Could Be 34.8% Undervalued Despite Its Weak Long Term Record
• Neutral Sentiment: Leadership changes are part of the restructuring, including the departure of senior executive Cory Onell and other executives moving into advisory roles, but these moves appear tied to the new operating model rather than a crisis. Kraft Heinz Announces Departure of Senior Executive Cory Onell (KHC)
• Neutral Sentiment: Recent analysis also highlighted improving Taste Elevation brand performance in U.S. retail, which supports the case for growth but is not yet a major financial catalyst on its own. The Kraft Heinz Company’s Taste Elevation: Can It Fuel Growth?
• Negative Sentiment: Despite the restructuring optimism, some coverage flagged debate over heavier investment plans, higher leverage, and cost inflation, which could pressure earnings and limit upside. Kraft Heinz (KHC) Stock Fair Value Edges Lower After Analyst Debate Over Investment Plans

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KHC shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Sanford C. Bernstein lowered Kraft Heinz from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. Zacks Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Wells Fargo & Company dropped their target price on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Finally, JPMorgan Chase & Co. cut their price target on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $22.69.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $22.82 on Friday. The business’s fifty day simple moving average is $23.11 and its 200 day simple moving average is $23.52. 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 Company has a 12 month low of $21.03 and a 12 month high of $29.19. The firm has a market capitalization of $27.06 billion, a P/E ratio of -4.70 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts anticipate that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 7.0%. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.92%.

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.