Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stock Holdings in Kraft Heinz Company $KHC

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 84.5% during the 1st quarter, HoldingsChannel reports. The fund owned 211,711 shares of the company’s stock after buying an additional 96,950 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Kraft Heinz were worth $4,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Graney & King LLC raised its stake in shares of Kraft Heinz by 20.5% during the 4th quarter. Graney & King LLC now owns 2,560 shares of the company’s stock valued at $62,000 after purchasing an additional 435 shares during the period. V Square Quantitative Management LLC boosted its stake in Kraft Heinz by 3.2% in the 4th quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock worth $361,000 after purchasing an additional 458 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in Kraft Heinz by 1.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock valued at $718,000 after buying an additional 490 shares in the last quarter. New England Capital Financial Advisors LLC grew its holdings in Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after buying an additional 511 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators increased its position in shares of Kraft Heinz by 6.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock valued at $201,000 after buying an additional 515 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KHC shares. UBS Group increased their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. BNP Paribas Exane raised their price target on shares of Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a report on Tuesday, June 30th. 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. TD Cowen dropped their price objective on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, March 25th. Finally, BTIG Research initiated coverage on Kraft Heinz in a research report on Monday, April 13th. They set a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $22.88.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $24.82 on Tuesday. The company’s fifty day moving average price is $23.39 and its 200-day moving average price is $23.45. The firm has a market capitalization of $29.43 billion, a price-to-earnings ratio of -5.11 and a beta of 0.09. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82.

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, topping analysts’ consensus estimates of $0.50 by $0.08. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. During the same period in the previous year, the firm posted $0.62 EPS. The firm’s revenue was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities research analysts anticipate that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 6.4%. Kraft Heinz’s payout ratio is -32.92%.

Insider Activity

In other news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the transaction, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

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.