California State Teachers Retirement System Purchases 36,762,849 Shares of Kraft Heinz Company $KHC

Key Points

• California State Teachers Retirement System increased its Kraft Heinz stake by 2,805.5%, purchasing 36.8 million additional shares and bringing its total holdings to 38.1 million shares, or approximately 3.21% of the company.
• Kraft Heinz reported quarterly EPS of $0.56, exceeding the $0.53 analyst consensus, while revenue reached $6.26 billion but declined 1.4% year over year. The company declared a $0.40 quarterly dividend, representing a 6.5% annualized yield.
• Analyst sentiment remains cautious: the stock carries a consensus “Reduce” rating and an average price target of $23.33, below its reported opening price of $24.60.

California State Teachers Retirement System increased its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 2,805.5% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 38,073,220 shares of the company's stock after buying an additional 36,762,849 shares during the quarter. California State Teachers Retirement System owned about 3.21% of Kraft Heinz worth $899,289,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KHC. Cassaday & Co Wealth Management LLC purchased a new position in shares of Kraft Heinz during the 1st quarter valued at about $27,000. Jessup Wealth Management Inc bought a new position in Kraft Heinz during the fourth quarter valued at $27,000. Reflection Asset Management bought a new stake in shares of Kraft Heinz during the fourth quarter worth $28,000. Hara Capital LLC purchased a new stake in shares of Kraft Heinz in the second quarter valued at approximately $29,000. Finally, DV Equities LLC purchased a new position in Kraft Heinz during the 4th quarter valued at about $29,000. Institutional investors own 78.17% of the company's stock.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company's stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $24.60 on Monday. The firm's 50-day simple moving average is $25.46 and its 200-day simple moving average is $23.97. The company has a market cap of $29.17 billion, a price-to-earnings ratio of -8.60, a PEG ratio of 2.99 and a beta of 0.09. 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 fifty-two week low of $21.03 and a fifty-two week high of $28.09.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The business's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period 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 research analysts predict that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.5%. Kraft Heinz's dividend payout ratio (DPR) is presently -55.94%.

Wall Street Analyst Weigh In

KHC has been the topic of several recent analyst reports. Wells Fargo & Company upped their target price on Kraft Heinz from $23.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 8th. Weiss Ratings cut shares of Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. Sanford C. Bernstein cut Kraft Heinz from a "market perform" rating to an "underperform" rating and cut their price target for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. JPMorgan Chase & Co. boosted 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. Finally, BNP Paribas Exane upped their price target on Kraft Heinz from $17.00 to $19.00 and gave the stock an "underperform" rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $23.33.

About Kraft Heinz

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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