96,372 Kraft Heinz Company $KHC Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Kraft Heinz stake by 135% in the third quarter, buying 96,372 additional shares for a total holding of 167,761 shares valued at approximately $3.8 million. Institutional investors collectively own 78.17% of the company.
• Analyst sentiment remains cautious: Kraft Heinz has a consensus rating of “Reduce”, with one Buy, eleven Hold, and five Sell ratings, and an average price target of $23.81.
• Kraft Heinz exceeded quarterly earnings and revenue expectations, reporting $0.56 EPS and $6.26 billion in revenue, but revenue declined 1.4% year over year. The company also maintains a quarterly dividend of $0.40, equivalent to a 6.7% annual yield.

Assenagon Asset Management S.A. grew its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 135.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 167,761 shares of the company's stock after acquiring an additional 96,372 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Kraft Heinz were worth $3,812,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brindle & Bay Financial Advisors LLC increased its stake in Kraft Heinz by 29.1% in the third quarter. Brindle & Bay Financial Advisors LLC now owns 53,041 shares of the company's stock valued at $1,205,000 after acquiring an additional 11,958 shares during the last quarter. TT Capital Management LLC raised its position in Kraft Heinz by 4.9% during the third quarter. TT Capital Management LLC now owns 19,662 shares of the company's stock valued at $447,000 after purchasing an additional 913 shares in the last quarter. Charles Schwab Trust Co bought a new stake in Kraft Heinz during the third quarter worth $207,000. Mather Group LLC. lifted its stake in Kraft Heinz by 10.2% during the third quarter. Mather Group LLC. now owns 19,667 shares of the company's stock worth $447,000 after purchasing an additional 1,814 shares during the last quarter. Finally, Elemental Capital Partners LLC boosted its holdings in shares of Kraft Heinz by 1.3% in the 3rd quarter. Elemental Capital Partners LLC now owns 149,627 shares of the company's stock valued at $3,400,000 after purchasing an additional 1,950 shares in the last quarter. Institutional investors own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. Piper Sandler lifted their price target on Kraft Heinz from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Jefferies Financial Group restated a "hold" rating and set a $21.00 price objective on shares of Kraft Heinz in a research report on Wednesday, October 14th. Wall Street Zen downgraded Kraft Heinz from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Wells Fargo & Company reduced their price objective on Kraft Heinz from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Monday, October 5th. Finally, Weiss Ratings cut Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $23.81.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $23.82 on Wednesday. The firm's fifty day moving average price is $24.18 and its two-hundred day moving average price is $24.02. The stock has a market cap of $28.24 billion, a PE ratio of -8.33, a PEG ratio of 2.99 and a beta of 0.12. 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.

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

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.7%. The ex-dividend date was Friday, September 4th. 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 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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