Bank of America Corp DE Boosts Stock Position in Kraft Heinz Company $KHC

Key Points

• Bank of America increased its Kraft Heinz stake by 51.4% in the second quarter, purchasing 2.13 million additional shares and bringing its holdings to 6.28 million shares, worth approximately $148.3 million.
• Kraft Heinz reported quarterly EPS of $0.56, exceeding estimates of $0.53, while revenue of $6.26 billion also topped expectations. However, revenue declined 1.4% year over year, and the company issued fiscal 2026 EPS guidance of $2.03–$2.09.
• The company declared a quarterly dividend of $0.40 per share, representing a 6.5% annualized yield. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $23.88.

Bank of America Corp DE increased its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 51.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,279,628 shares of the company's stock after buying an additional 2,130,636 shares during the quarter. Bank of America Corp DE owned about 0.53% of Kraft Heinz worth $148,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators grew its holdings in shares of Kraft Heinz by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company's stock valued at $201,000 after purchasing an additional 515 shares during the period. Cohen Investment Advisors LLC raised its stake in Kraft Heinz by 4.6% during the first 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 period. Old North State Trust LLC boosted its holdings in Kraft Heinz by 7.0% in the 4th quarter. Old North State Trust LLC now owns 9,303 shares of the company's stock valued at $226,000 after purchasing an additional 608 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of Kraft Heinz by 46.9% in the 1st quarter. Root Financial Partners LLC now owns 2,053 shares of the company's stock valued at $46,000 after buying an additional 655 shares during the period. Finally, CoreCap Advisors LLC grew its stake in shares of Kraft Heinz by 29.8% in the 2nd quarter. CoreCap Advisors LLC now owns 2,868 shares of the company's stock valued at $68,000 after buying an additional 658 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Price Performance

KHC stock opened at $24.76 on Friday. The business's fifty day moving average price is $25.43 and its 200 day moving average price is $23.97. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.09. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $29.36 billion, a PE ratio of -8.66, a P/E/G ratio of 2.99 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its 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 company had revenue of $6.26 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, sell-side analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

The firm 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 yield of 6.5%. Kraft Heinz's dividend payout ratio is -55.94%.

Wall Street Analyst Weigh In

Several research firms have recently commented on KHC. UBS Group lifted their price target on shares of Kraft Heinz from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. increased their price objective on Kraft Heinz from $21.00 to $22.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 15th. Royal Bank Of Canada assumed coverage on Kraft Heinz in a research note on Thursday. They set an "outperform" rating and a $32.00 target price for the company. Piper Sandler lifted their target price on Kraft Heinz from $24.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Finally, BNP Paribas Exane upped their price target on Kraft Heinz from $17.00 to $19.00 and gave the company an "underperform" rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of "Reduce" and an average target price of $23.88.

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, foodservice operators and other customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, beverages, snacks and other packaged foods.

The company's well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House and Classico, among others.

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