Czech National Bank Has $5.45 Million Stock Holdings in Kraft Heinz Company $KHC

Key Points

• Czech National Bank has increased its holdings in Kraft Heinz Company by 5.4%, acquiring an additional 10,825 shares during the second quarter, bringing its total to 211,188 shares valued at approximately $5.45 million.
• Kraft Heinz reported a quarterly earnings per share (EPS) of $0.69, which exceeded analysts' expectations, despite a 1.9% decline in revenue compared to the same quarter last year.
• The company has announced a $0.40 quarterly dividend set to be paid on September 26th, with a resulting annualized dividend yield of 6.1%.

Czech National Bank lifted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 5.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 211,188 shares of the company's stock after buying an additional 10,825 shares during the period. Czech National Bank's holdings in Kraft Heinz were worth $5,453,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of KHC. Swedbank AB grew its position in Kraft Heinz by 13.6% in the first quarter. Swedbank AB now owns 878,684 shares of the company's stock valued at $26,738,000 after acquiring an additional 104,872 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Kraft Heinz by 493.4% during the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock valued at $376,000 after purchasing an additional 10,272 shares during the last quarter. Bard Financial Services Inc. grew its holdings in shares of Kraft Heinz by 24.5% during the 2nd quarter. Bard Financial Services Inc. now owns 104,225 shares of the company's stock valued at $2,691,000 after purchasing an additional 20,500 shares during the last quarter. D.A. Davidson & CO. increased its position in Kraft Heinz by 7.8% during the 1st quarter. D.A. Davidson & CO. now owns 90,252 shares of the company's stock worth $2,746,000 after purchasing an additional 6,551 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Kraft Heinz by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company's stock valued at $248,665,000 after purchasing an additional 103,548 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of research reports. JPMorgan Chase & Co. started coverage on shares of Kraft Heinz in a research note on Wednesday, August 20th. They set a "neutral" rating and a $27.00 target price on the stock. UBS Group set a $28.00 price objective on Kraft Heinz and gave the company a "neutral" rating in a report on Thursday, September 4th. Mizuho set a $29.00 price objective on Kraft Heinz and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and upped their target price for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Finally, Stifel Nicolaus cut their price target on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating on the stock in a research note on Wednesday, September 3rd. Seventeen analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $29.76.

Kraft Heinz Trading Down 0.2%

KHC traded down $0.04 during midday trading on Monday, hitting $26.38. 14,521,358 shares of the company were exchanged, compared to its average volume of 16,911,810. The firm's 50 day moving average price is $27.38 and its 200-day moving average price is $27.82. Kraft Heinz Company has a 1-year low of $25.44 and a 1-year high of $36.31. The firm has a market capitalization of $31.22 billion, a P/E ratio of -5.88, a P/E/G ratio of 3.08 and a beta of 0.23. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The firm's revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, equities analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be given a $0.40 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.1%. Kraft Heinz's payout ratio is -35.63%.

Insider Activity

In other news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the sale, the director directly owned 40,000 shares of the company's stock, valued at approximately $1,116,400. This represents a 38.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.35% of the company's stock.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.