Commerzbank Aktiengesellschaft FI Takes Position in Kraft Heinz Company $KHC

Key Points

• Commerzbank Aktiengesellschaft FI acquired 169,939 Kraft Heinz shares in the second quarter, valued at approximately $4.0 million. Institutional investors collectively own 78.17% of the company.
• Analyst sentiment remains cautious: Kraft Heinz has a consensus rating of “Reduce”, with one Strong Buy, 12 Holds, and five Sells, and an average price target of $23.62.
• Kraft Heinz exceeded quarterly earnings expectations with adjusted EPS of $0.56 and revenue of $6.26 billion, but sales fell 1.4% year over year. The company also declared a $0.40 quarterly dividend, equating to a 6.5% annualized yield.

Commerzbank Aktiengesellschaft FI bought a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 169,939 shares of the company's stock, valued at approximately $4,014,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company's stock valued at $2,496,131,000 after purchasing an additional 616,283 shares during the period. Invesco Ltd. boosted its holdings in shares of Kraft Heinz by 10.5% during the 4th quarter. Invesco Ltd. now owns 19,725,662 shares of the company's stock worth $478,347,000 after buying an additional 1,870,310 shares during the period. Auto Owners Insurance Co boosted its holdings in shares of Kraft Heinz by 3,034.1% during the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company's stock worth $39,957,000 after buying an additional 15,951,271 shares during the period. Norges Bank acquired a new position in Kraft Heinz in the 4th quarter valued at about $332,382,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kraft Heinz by 3.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,893,686 shares of the company's stock valued at $239,922,000 after buying an additional 341,197 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KHC. TD Cowen raised their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft increased their target price on Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a research note on Thursday, May 7th. Sanford C. Bernstein cut Kraft Heinz from a "market perform" rating to an "underperform" rating and dropped their price target for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. UBS Group boosted their price target on Kraft Heinz from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings lowered Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. One investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $23.62.

Insiders Place Their Bets

In other news, insider Diana Frost sold 18,502 shares of the company's 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 completion of the sale, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is owned by corporate insiders.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $24.75 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $29.35 billion, a P/E ratio of -8.65 and a beta of 0.08. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.10. The firm has a 50-day moving average price of $24.88 and a two-hundred day moving average price of $23.83.

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, topping the consensus estimate of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company 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 business's revenue for the quarter was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Analysts anticipate 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. Shareholders of record on Friday, September 4th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Friday, September 4th. Kraft Heinz's dividend payout ratio (DPR) is -55.94%.

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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