Korea Investment CORP Buys Shares of 86,980 Kraft Heinz Company $KHC

Korea Investment CORP bought a new position in Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 86,980 shares of the company’s stock, valued at approximately $2,054,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KHC. Graney & King LLC increased its holdings in Kraft Heinz by 20.5% in the fourth quarter. Graney & King LLC now owns 2,560 shares of the company’s stock worth $62,000 after buying an additional 435 shares during the last quarter. New England Capital Financial Advisors LLC lifted its stake in 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 valued at $30,000 after acquiring an additional 511 shares during the last quarter. Deseret Mutual Benefit Administrators grew its position in Kraft Heinz by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock worth $201,000 after acquiring an additional 515 shares in the last quarter. Bridgewater Associates LP grew its position in Kraft Heinz by 1.1% in the fourth quarter. Bridgewater Associates LP now owns 52,833 shares of the company’s stock worth $1,281,000 after acquiring an additional 578 shares in the last quarter. Finally, Cohen Investment Advisors LLC increased its stake in shares of Kraft Heinz by 4.6% during the 1st quarter. Cohen Investment Advisors LLC now owns 13,522 shares of the company’s stock worth $304,000 after purchasing an additional 592 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KHC shares. UBS Group raised their price target on shares of Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. upped their price objective on shares of Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, July 15th. Sanford C. Bernstein downgraded shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Evercore set a $24.00 price target on Kraft Heinz in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $23.62.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $25.67 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.09. The company has a fifty day moving average price of $25.03 and a 200 day moving average price of $23.90. The stock has a market cap of $30.44 billion, a P/E ratio of -8.98 and a beta of 0.08.

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

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a yield of 6.2%. Kraft Heinz’s dividend payout ratio (DPR) is -55.94%.

Insiders Place Their Bets

In related news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the transaction, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by company insiders.

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.