Hsbc Holdings PLC Acquires 58,093 Shares of Kraft Heinz Company $KHC

Key Points

• Hsbc Holdings PLC increased its Kraft Heinz stake by 2.9%, acquiring 58,093 shares to bring its holdings to 2.07 million shares valued at approximately $49 million. Institutional investors collectively own 78.17% of the company.
• Kraft Heinz reported quarterly EPS of $0.56, exceeding the $0.53 consensus estimate, while revenue reached $6.26 billion. However, revenue declined 1.4% year over year, and analysts expect full-year 2026 EPS of about $2.06.
• The company declared a quarterly dividend of $0.40 per share, equivalent to a 6.4% annualized yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $23.33.

Hsbc Holdings PLC boosted its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,068,451 shares of the company's stock after purchasing an additional 58,093 shares during the quarter. Hsbc Holdings PLC owned 0.17% of Kraft Heinz worth $49,015,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Jessup Wealth Management Inc bought a new position in shares of Kraft Heinz during the fourth quarter worth approximately $27,000. Reflection Asset Management bought a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $28,000. DV Equities LLC bought a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in Kraft Heinz during the first quarter worth approximately $27,000. Finally, Hara Capital LLC acquired a new stake in Kraft Heinz during the second quarter worth approximately $29,000. Institutional investors own 78.17% of the company's stock.

Insiders Place Their Bets

In related news, insider Diana Frost sold 18,502 shares of the firm's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the sale, the insider directly owned 102,667 shares of the company's stock, valued at $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.24% of the stock is owned by company insiders.

Kraft Heinz Price Performance

Shares of KHC opened at $24.85 on Tuesday. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.09. The company has a market cap of $29.47 billion, a P/E ratio of -8.69, a P/E/G ratio of 3.02 and a beta of 0.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $25.48 and a two-hundred day simple moving average of $23.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter last year, the business 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. Research analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Friday, September 4th. Kraft Heinz's dividend payout ratio is currently -55.94%.

Analyst Ratings Changes

Several equities analysts have weighed in on KHC shares. Piper Sandler lifted their price objective on Kraft Heinz from $24.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Wall Street Zen lowered Kraft Heinz from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Barclays raised their price target on Kraft Heinz from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Sanford C. Bernstein downgraded Kraft Heinz from a "market perform" rating to an "underperform" rating and dropped their price target for the company from $25.00 to $21.00 in a research note on Wednesday, June 3rd. Finally, Evercore set a $24.00 price objective on shares of Kraft Heinz in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Kraft Heinz has an average rating of "Reduce" and a consensus target price of $23.33.

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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