Capital International Inc. CA Raises Stock Position in Kraft Heinz Company $KHC

Key Points

• Capital International Inc. CA boosted its stake in Kraft Heinz by 30.7% in Q3, adding 43,869 shares to hold 186,739 shares valued at about $4.86 million, and institutional investors now own roughly 78.17% of KHC.
• Insiders have been net sellers recently: 139,036 shares were sold in the past three months — including Miguel Patricio's 125,000-share sale and Cory Onell's 4,991-share sale — leaving insiders with just 0.35% ownership.
• Analysts are mixed with a consensus rating of "Reduce" and an average price target of $24.89, even as Kraft Heinz beat quarterly EPS estimates ($0.67 vs. $0.61) and pays a quarterly dividend of $0.40 (a 6.9% yield).

Capital International Inc. CA raised its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 30.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,739 shares of the company's stock after purchasing an additional 43,869 shares during the period. Capital International Inc. CA's holdings in Kraft Heinz were worth $4,863,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KHC. Vanguard Group Inc. increased its stake in shares of Kraft Heinz by 0.4% during the second quarter. Vanguard Group Inc. now owns 102,435,702 shares of the company's stock worth $2,644,890,000 after purchasing an additional 454,868 shares in the last quarter. State Street Corp lifted its stake in Kraft Heinz by 1.0% in the 2nd quarter. State Street Corp now owns 46,376,394 shares of the company's stock valued at $1,197,438,000 after buying an additional 462,963 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Kraft Heinz by 14.7% in the 2nd quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company's stock worth $681,663,000 after buying an additional 3,392,470 shares during the last quarter. Invesco Ltd. boosted its holdings in Kraft Heinz by 7.1% in the 2nd quarter. Invesco Ltd. now owns 17,584,674 shares of the company's stock worth $454,036,000 after buying an additional 1,171,262 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Kraft Heinz by 75.1% during the 3rd quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company's stock worth $351,263,000 after buying an additional 5,873,967 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Insider Activity at Kraft Heinz

In other news, insider Cory Onell sold 4,991 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total transaction of $121,480.94. Following the completion of the sale, the insider owned 197,463 shares in the company, valued at $4,806,249.42. This trade represents a 2.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the sale, the insider directly owned 686,817 shares in the company, valued at approximately $17,046,797.94. The trade was a 15.40% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 139,036 shares of company stock valued at $3,446,578. Corporate insiders own 0.35% of the company's stock.

Analysts Set New Price Targets

KHC has been the subject of a number of research analyst reports. Sanford C. Bernstein increased their target price on Kraft Heinz from $24.00 to $27.00 and gave the company a "market perform" rating in a report on Thursday, February 12th. Zacks Research cut Kraft Heinz from a "hold" rating to a "strong sell" rating in a research report on Friday, February 13th. Morgan Stanley restated an "underweight" rating and issued a $23.00 price objective on shares of Kraft Heinz in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Kraft Heinz in a research note on Thursday, January 22nd. Finally, UBS Group upped their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $24.89.

Kraft Heinz Price Performance

KHC stock opened at $23.14 on Thursday. Kraft Heinz Company has a 1 year low of $21.99 and a 1 year high of $31.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.79. The firm has a market capitalization of $27.39 billion, a PE ratio of -4.68 and a beta of 0.06. The business has a 50 day simple moving average of $23.98 and a 200-day simple moving average of $24.90.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The firm's revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.9%. The ex-dividend date is Friday, March 6th. Kraft Heinz's dividend payout ratio (DPR) is presently -32.39%.

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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