1,762,295 Kraft Heinz Company $KHC Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its Kraft Heinz stake by 36% in the third quarter, buying 1.76 million shares and bringing its total holdings to 6.65 million shares valued at approximately $151.1 million.
• Kraft Heinz reported quarterly EPS of $0.56, beating estimates of $0.53, while revenue reached $6.26 billion but declined 1.4% year over year. The company declared a quarterly dividend of $0.40, implying an annualized yield of about 6.8%.
• KHC shares opened at $23.50, near analysts’ consensus target of $23.81. Analyst sentiment remains cautious, with the stock carrying an overall “Reduce” rating based on one Buy, eleven Hold, and five Sell recommendations.

Robeco Institutional Asset Management B.V. raised its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 36.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,651,507 shares of the company's stock after purchasing an additional 1,762,295 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.56% of Kraft Heinz worth $151,122,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new position in Kraft Heinz in the 2nd quarter worth about $1,968,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Kraft Heinz during the second quarter valued at about $1,076,000. Gradient Investments LLC grew its holdings in shares of Kraft Heinz by 11.8% during the third quarter. Gradient Investments LLC now owns 667,877 shares of the company's stock worth $15,174,000 after purchasing an additional 70,534 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Kraft Heinz by 11.3% during the second quarter. The Manufacturers Life Insurance Company now owns 561,627 shares of the company's stock worth $13,266,000 after purchasing an additional 57,092 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC increased its stake in shares of Kraft Heinz by 70.2% in the second quarter. Franklin Street Advisors Inc. NC now owns 994,375 shares of the company's stock valued at $23,487,000 after buying an additional 410,029 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Down 1.4%

KHC stock opened at $23.50 on Thursday. The stock's 50 day simple moving average is $24.15 and its 200 day simple moving average is $24.02. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two 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. The company has a market cap of $27.86 billion, a P/E ratio of -8.22, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced 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. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The company's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, research analysts expect that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Friday, September 4th. Kraft Heinz's dividend payout ratio (DPR) is currently -55.94%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KHC. TD Cowen reiterated a "hold" rating and issued a $22.00 price objective on shares of Kraft Heinz in a report on Tuesday, September 22nd. BNP Paribas Exane lifted their target price on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an "underperform" rating in a research report on Tuesday, June 30th. Royal Bank Of Canada reissued an "outperform" rating and set a $32.00 target price on shares of Kraft Heinz in a report on Thursday, September 24th. Wall Street Zen cut shares of Kraft Heinz from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $24.00 to $23.00 and set an "underweight" rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $23.81.

About Kraft Heinz

The Kraft Heinz Company NASDAQ: KHC is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.

The company's brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.

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