Ally Financial Inc. acquired a new stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 131,000 shares of the company's stock, valued at approximately $3,094,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Kraft Heinz in the 2nd quarter worth approximately $1,803,911,000. Auto Owners Insurance Co lifted its holdings in shares of Kraft Heinz by 3,034.1% during 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 during the last quarter. Norges Bank purchased a new position in Kraft Heinz in the fourth quarter worth $332,382,000. Deutsche Bank AG purchased a new position in Kraft Heinz in the second quarter worth $179,876,000. Finally, Bank of New York Mellon Corp bought a new position in Kraft Heinz in the second quarter valued at $170,097,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, insider Diana Frost sold 18,502 shares of the firm's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the transaction, the insider owned 102,667 shares in the company, valued at $2,366,474.35. This trade represents a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.24% of the company's stock.
Kraft Heinz Stock Performance
Shares of NASDAQ:KHC opened at $25.58 on Monday. The company has a market cap of $30.33 billion, a price-to-earnings ratio of -8.94 and a beta of 0.08. The company has a 50-day moving average price of $24.99 and a 200-day moving average price of $23.89. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $28.10.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last released 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 business had revenue of $6.26 billion during 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%.Kraft Heinz's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, equities analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current year.
Kraft Heinz Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. Kraft Heinz's dividend payout ratio is -55.94%.
Key Stories Impacting Kraft Heinz
Here are the key news stories impacting Kraft Heinz this week:
- Positive Sentiment: Investment in key brands is showing early signs of improving market share, with volumes and earnings expected to recover in 2027 as spending initiatives gain traction. Emerging Markets are a notable growth driver, posting 8.5% organic sales growth and offering long-term expansion potential. The stock’s valuation is also viewed as reasonable. Kraft Heinz: Early Signs Of Turnaround Gaining Traction And Reasonable Valuation
- Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $2.09 from $2.04, and increased estimates for Q2 and Q3 2027 and Q4 2027. These revisions support the view that current investments could produce better profitability beyond 2026. Kraft Heinz analyst estimates
- Neutral Sentiment: The FY2026 EPS forecast now stands at $2.06, matching consensus but below Zacks’ previous $2.08 estimate. FY2028 EPS is projected at $2.14, slightly below the prior $2.15 forecast, suggesting modest long-term revisions rather than a broad earnings reset.
- Negative Sentiment: Zacks lowered Q3 2026 EPS to $0.43 from $0.47, cut Q4 2026 EPS to $0.49 from $0.50, and reduced Q1 2027 EPS to $0.52 from $0.53. The revisions reflect expected pressure from higher brand investment and indicate that the turnaround may weigh on earnings before benefits appear.
Analysts Set New Price Targets
Several equities research analysts have issued reports on KHC shares. Piper Sandler lifted 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. Weiss Ratings lowered Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. Sanford C. Bernstein cut Kraft Heinz from a "market perform" rating to an "underperform" rating and decreased their price objective for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. TD Cowen boosted their target price on Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a research report on Thursday, August 6th. Finally, Wall Street Zen lowered Kraft Heinz from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $23.62.
Check Out Our Latest Research Report on KHC
About Kraft Heinz
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraft Heinz Company (NASDAQ:KHC - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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