Bank of New York Mellon Corp Buys Shares of 7,201,417 Kraft Heinz Company $KHC

Key Points

• Bank of New York Mellon acquired 7.2 million Kraft Heinz shares worth approximately $170.1 million, giving it a 0.61% stake. Institutional investors collectively own 78.17% of the company.
• Kraft Heinz exceeded quarterly expectations with EPS of $0.56 versus the $0.53 consensus and revenue of $6.26 billion, although sales declined 1.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $2.03–$2.09.
• The outlook remains mixed: brand investments and emerging-market growth may support a recovery beyond 2026, but analysts have cut several near-term EPS estimates. The stock carries a “Reduce” consensus rating, despite its quarterly dividend of $0.40 per share and roughly 6.3% yield.

Bank of New York Mellon Corp purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,201,417 shares of the company's stock, valued at approximately $170,097,000. Bank of New York Mellon Corp owned about 0.61% of Kraft Heinz at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Kraft Heinz in the 1st quarter worth about $207,000. Woodline Partners LP lifted its stake in Kraft Heinz by 39.0% in the first quarter. Woodline Partners LP now owns 73,700 shares of the company's stock valued at $2,243,000 after buying an additional 20,690 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Kraft Heinz by 16.6% during the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company's stock worth $1,323,000 after buying an additional 7,307 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Kraft Heinz by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company's stock valued at $13,482,000 after acquiring an additional 4,003 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new stake in shares of Kraft Heinz in the 2nd quarter valued at $207,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Key Kraft Heinz News

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.

Insider Activity

In related news, insider Diana Frost sold 18,502 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the sale, the insider directly owned 102,667 shares of the company's stock, valued at $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by insiders.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $25.58 on Friday. The stock has a market cap of $30.33 billion, a PE ratio of -8.94 and a beta of 0.08. The company's fifty day moving average is $24.99 and its 200 day moving average is $23.89. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $28.10.

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. The firm 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 business's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Research analysts anticipate that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Dividend Announcement

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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, September 4th. Kraft Heinz's dividend payout ratio (DPR) is currently -55.94%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Sanford C. Bernstein cut shares of Kraft Heinz from a "market perform" rating to an "underperform" rating and reduced their price target for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. JPMorgan Chase & Co. increased their price objective on shares of Kraft Heinz from $21.00 to $22.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 15th. Weiss Ratings lowered Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft upped their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a research note on Thursday, May 7th. Finally, Barclays raised their price objective on Kraft Heinz from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $23.62.

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.

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