Nykredit A S Makes New Investment in Kraft Heinz Company $KHC

Nykredit A S bought a new position in Kraft Heinz Company (NASDAQ:KHC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,680,255 shares of the company’s stock, valued at approximately $181,408,000. Nykredit A S owned approximately 0.65% of Kraft Heinz as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Kraft Heinz during the second quarter valued at $1,803,911,000. Invesco Ltd. boosted its holdings in shares of Kraft Heinz by 10.5% during the 4th quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock valued at $478,347,000 after buying an additional 1,870,310 shares in the last quarter. Auto Owners Insurance Co increased its stake in shares of Kraft Heinz by 3,034.1% in the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after acquiring an additional 15,951,271 shares in the last quarter. Norges Bank bought a new position in shares of Kraft Heinz in the 4th quarter worth about $332,382,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Kraft Heinz by 3.6% during the 4th 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 acquiring an additional 341,197 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the sale, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Barclays upped their price objective on shares of Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Piper Sandler upped their price target on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Evercore set a $24.00 price objective on Kraft Heinz in a research report on Thursday, August 6th. Finally, Weiss Ratings downgraded Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $23.33.

Kraft Heinz Stock Up 1.5%

Shares of Kraft Heinz stock opened at $26.26 on Thursday. The company has a 50-day simple moving average of $25.40 and a two-hundred day simple moving average of $23.95. The stock has a market capitalization of $31.14 billion, a PE ratio of -9.18, a price-to-earnings-growth ratio of 3.14 and a beta of 0.09. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $28.09. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 6.1%. Kraft Heinz’s dividend payout ratio is -55.94%.

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.