Bank of New York Mellon Corp Has $213.45 Million Stock Position in Kraft Heinz Company $KHC

Bank of New York Mellon Corp increased its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 15.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,802,220 shares of the company’s stock after buying an additional 1,167,964 shares during the quarter. Bank of New York Mellon Corp’s holdings in Kraft Heinz were worth $213,454,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in KHC. Key Capital Management INC purchased a new stake in shares of Kraft Heinz in the fourth quarter worth approximately $29,000. New England Capital Financial Advisors LLC raised its stake in shares of Kraft Heinz by 70.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after purchasing an additional 511 shares during the last quarter. Rakuten Securities Inc. raised its stake in shares of Kraft Heinz by 172.4% in the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares during the last quarter. Anfield Capital Management LLC raised its stake in shares of Kraft Heinz by 256.7% in the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after purchasing an additional 914 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in shares of Kraft Heinz in the third quarter worth approximately $38,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $22.58 on Friday. The stock has a market cap of $26.77 billion, a PE ratio of -4.65 and a beta of 0.08. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $29.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The stock has a fifty day moving average of $22.91 and a 200-day moving average of $23.63.

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

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 7.1%. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.

Trending Headlines about Kraft Heinz

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

• Positive Sentiment: Jim Cramer said he has “faith” in Kraft Heinz CEO Steve, which may help improve sentiment by signaling confidence in management and the company’s turnaround prospects. Jim Cramer on Kraft Heinz CEO: “I Have Faith in Steve”
• Positive Sentiment: Unusual call-option activity suggests some traders are positioning for a rebound, which can sometimes signal renewed speculative interest in the shares. Unusual trading in Kraft Heinz call options after CEO interview – Is KHC stock a buy?
• Neutral Sentiment: The company’s recent earnings were generally solid, with Kraft Heinz beating EPS and revenue estimates last month, but the stock has still struggled to hold momentum afterward. Kraft Heinz stock/earnings overview
• Negative Sentiment: Bernstein downgraded Kraft Heinz to Underperform/Sell and lowered its price target, reinforcing worries that the shares could have more downside ahead. Kraft Heinz was downgraded to a Sell Rating at Bernstein
• Negative Sentiment: Articles focused on the stock being down since its last earnings report highlight weakening momentum and investor concern that the post-earnings rally has faded. Why Is Kraft Heinz (KHC) Down 5% Since Last Earnings Report?
• Negative Sentiment: Management commentary on “negative cash flows” among lower-income consumers points to softer demand for packaged foods if stressed households keep pulling back on spending. Running out of money: Kraft, McDonald’s, Whirlpool CEOs all issue same dire warning about US consumers

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft increased their price objective on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Mizuho lowered their price objective on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Morgan Stanley set a $22.00 price objective on Kraft Heinz in a research note on Thursday, April 23rd. Finally, BNP Paribas Exane lowered their price objective on Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Kraft Heinz presently has a consensus rating of “Reduce” and an average target price of $22.69.

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.