Handelsbanken Fonder AB Has $5.47 Million Stock Holdings in Kraft Heinz Company $KHC

Key Points

• Handelsbanken Fonder AB cut its Kraft Heinz position by 37% in the second quarter, selling 135,972 shares and retaining 231,720 shares valued at approximately $5.47 million. Institutional investors collectively own 78.17% of the company.
• Analyst sentiment remains cautious: the consensus rating is “Reduce”, with one Strong Buy, twelve Hold, and five Sell ratings, and an average price target of $23.62.
• Kraft Heinz beat quarterly earnings expectations with EPS of $0.56 and revenue of $6.26 billion, but revenue declined 1.4% year over year. The company declared a quarterly dividend of $0.40 per share, equating to an annualized yield of about 6.3%.

Handelsbanken Fonder AB decreased its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 37.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 231,720 shares of the company's stock after selling 135,972 shares during the period. Handelsbanken Fonder AB's holdings in Kraft Heinz were worth $5,473,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KHC shares. Barclays increased their target price on Kraft Heinz from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. UBS Group increased their price objective on Kraft Heinz from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a "hold" rating in a research note on Thursday, May 7th. Wells Fargo & Company lifted their price target on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, July 8th. Finally, Sanford C. Bernstein cut shares of Kraft Heinz from a "market perform" rating to an "underperform" rating and decreased their price objective for the stock from $25.00 to $21.00 in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $23.62.

Insider Transactions 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 in the company, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.24% of the company's stock.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $25.51 on Friday. The business's 50-day simple moving average is $24.86 and its 200 day simple moving average is $23.82. 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 stock has a market cap of $30.25 billion, a price-to-earnings ratio of -8.92 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.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $6.18 billion. During the same period in the prior year, the company posted $0.69 EPS. The company's revenue 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, research analysts anticipate that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. Kraft Heinz's dividend payout ratio (DPR) is -55.94%.

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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