Kraft Heinz Company $KHC Stock Holdings Raised by Nordea Investment Management AB

Nordea Investment Management AB lifted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 75.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,694,483 shares of the company’s stock after purchasing an additional 5,873,967 shares during the period. Nordea Investment Management AB’s holdings in Kraft Heinz were worth $351,263,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of KHC. Rakuten Securities Inc. raised its stake in Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after buying an additional 788 shares in the last quarter. Cape Investment Advisory Inc. grew its position in shares of Kraft Heinz by 164.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after acquiring an additional 807 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Kraft Heinz in the 2nd quarter valued at approximately $39,000. Hilltop National Bank bought a new position in Kraft Heinz during the second quarter worth $41,000. Finally, Albion Financial Group UT acquired a new position in Kraft Heinz in the third quarter worth $43,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the completion of the transaction, the insider directly owned 686,817 shares of the company’s stock, valued at approximately $17,046,797.94. This trade represents a 15.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.35% of the company’s stock.

Kraft Heinz Trading Down 0.1%

NASDAQ:KHC opened at $23.39 on Tuesday. Kraft Heinz Company has a 1 year low of $22.91 and a 1 year high of $33.35. The business has a fifty day moving average of $24.46 and a 200-day moving average of $25.88. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.13. The stock has a market cap of $27.69 billion, a price-to-earnings ratio of -6.27 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, October 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. Kraft Heinz’s revenue was down 2.3% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.500-2.57 EPS. Equities analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, November 28th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Friday, November 28th. Kraft Heinz’s dividend payout ratio is -42.90%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KHC. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kraft Heinz from $27.00 to $26.00 in a report on Thursday, October 30th. BNP Paribas Exane dropped their price objective on shares of Kraft Heinz from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 16th. Wells Fargo & Company decreased their target price on Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Mizuho lowered their target price on Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $26.63.

Kraft Heinz 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.