Korea Investment CORP Buys Shares of 86,980 Kraft Heinz Company $KHC

Korea Investment CORP bought a new position in Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 86,980 shares of the company's stock, valued at approximately $2,054,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KHC. Graney & King LLC increased its holdings in Kraft Heinz by 20.5% in the fourth quarter. Graney & King LLC now owns 2,560 shares of the company's stock worth $62,000 after buying an additional 435 shares during the last quarter. New England Capital Financial Advisors LLC lifted its stake in Kraft Heinz by 70.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company's stock valued at $30,000 after acquiring an additional 511 shares during the last quarter. Deseret Mutual Benefit Administrators grew its position in Kraft Heinz by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company's stock worth $201,000 after acquiring an additional 515 shares in the last quarter. Bridgewater Associates LP grew its position in Kraft Heinz by 1.1% in the fourth quarter. Bridgewater Associates LP now owns 52,833 shares of the company's stock worth $1,281,000 after acquiring an additional 578 shares in the last quarter. Finally, Cohen Investment Advisors LLC increased its stake in shares of Kraft Heinz by 4.6% during the 1st quarter. Cohen Investment Advisors LLC now owns 13,522 shares of the company's stock worth $304,000 after purchasing an additional 592 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KHC shares. UBS Group raised their price target on shares of Kraft Heinz from $25.00 to $27.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. JPMorgan Chase & Co. upped their price objective on shares of Kraft Heinz from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, July 15th. Sanford C. Bernstein downgraded shares of Kraft Heinz from a "market perform" rating to an "underperform" rating and lowered their target price for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. Wall Street Zen lowered Kraft Heinz from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Evercore set a $24.00 price target on Kraft Heinz in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $23.62.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $25.67 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.09. The company has a fifty day moving average price of $25.03 and a 200 day moving average price of $23.90. The stock has a market cap of $30.44 billion, a P/E ratio of -8.98 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (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 analyst estimates of $6.18 billion. During the same period last year, the business posted $0.69 EPS. The business's quarterly revenue 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 company also recently announced 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a yield of 6.2%. Kraft Heinz's dividend payout ratio (DPR) is -55.94%.

Insiders Place Their Bets

In related 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 transaction, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by company insiders.

Kraft Heinz Company 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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