BlackRock Inc. Purchases New Stake in Kraft Heinz Company $KHC

Key Points

• BlackRock acquired 76.4 million Kraft Heinz shares worth approximately $1.8 billion, giving it a 6.44% stake. Institutional investors collectively own 78.17% of the company.
• Kraft Heinz reported quarterly EPS of $0.56, exceeding estimates of $0.53, while revenue reached $6.26 billion but declined 1.4% year over year. The company maintained fiscal 2026 EPS guidance of $2.03–$2.09.
• The company declared a quarterly dividend of $0.40 per share, or $1.60 annualized, representing a 6.2% yield. Analysts remain cautious, with an average “Reduce” rating and a $23.62 price target versus the stock’s stated $25.68 price.

BlackRock Inc. acquired a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 76,372,193 shares of the company's stock, valued at approximately $1,803,911,000. BlackRock Inc. owned approximately 6.44% of Kraft Heinz as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the business's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the transaction, the insider directly owned 102,667 shares of the company's stock, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company's stock.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $25.68 on Thursday. The company has a fifty day simple moving average of $24.94 and a two-hundred day simple moving average of $23.86. The company has a market cap of $30.45 billion, a price-to-earnings ratio of -8.98 and a beta of 0.08. 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 announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $6.18 billion. During the same period last year, the firm earned $0.69 earnings per share. The company's revenue for the quarter 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. As a group, equities analysts anticipate that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, September 4th. Kraft Heinz's dividend payout ratio (DPR) is presently -55.94%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KHC shares. Piper Sandler lifted their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Barclays raised their price target on Kraft Heinz from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on Kraft Heinz from $20.00 to $22.00 and gave the company a "hold" rating in a report on Thursday, May 7th. BNP Paribas Exane increased their target price on Kraft Heinz from $17.00 to $19.00 and gave the stock an "underperform" rating in a research note on Tuesday, June 30th. Finally, JPMorgan Chase & Co. lifted their target price on Kraft Heinz from $21.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, Kraft Heinz currently has an average rating of "Reduce" and an average target price of $23.62.

About Kraft Heinz

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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