Kraft Heinz Company $KHC Holdings Boosted by Vontobel Holding Ltd.

Key Points

• Vontobel Holding increased its Kraft Heinz stake by 87.9% in the third quarter, bringing its holdings to 730,761 shares valued at approximately $16.6 million. Institutional investors collectively own 78.17% of the company.
• Kraft Heinz reported quarterly earnings of $0.56 per share and revenue of $6.26 billion, exceeding analyst expectations, though revenue declined 1.4% year over year.
• The company pays a quarterly dividend of $0.40 per share, equivalent to a 6.7% annualized yield. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $23.75.

Vontobel Holding Ltd. lifted its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 87.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 730,761 shares of the company's stock after acquiring an additional 341,750 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.06% of Kraft Heinz worth $16,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new position in Kraft Heinz in the second quarter valued at approximately $1,803,911,000. Pacer Advisors Inc. increased its position in shares of Kraft Heinz by 7.3% during the 1st quarter. Pacer Advisors Inc. now owns 9,270,503 shares of the company's stock worth $208,494,000 after purchasing an additional 633,645 shares during the last quarter. Nykredit A S acquired a new position in shares of Kraft Heinz during the 2nd quarter worth approximately $181,408,000. Deutsche Bank AG acquired a new position in shares of Kraft Heinz during the 2nd quarter worth approximately $179,876,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Kraft Heinz by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,944,618 shares of the company's stock worth $178,663,000 after purchasing an additional 149,034 shares in the last quarter. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Up 1.9%

Shares of NASDAQ:KHC opened at $23.72 on Friday. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $28.09. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06. The company has a market capitalization of $28.12 billion, a P/E ratio of -8.29, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12. The company has a 50-day simple moving average of $24.23 and a 200 day simple moving average of $23.99.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The business's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Sell-side analysts forecast that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Friday, September 4th. Kraft Heinz's payout ratio is currently -55.94%.

Analyst Upgrades and Downgrades

KHC has been the subject of several recent analyst reports. Weiss Ratings downgraded Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. Royal Bank Of Canada reissued an "outperform" rating and issued a $32.00 target price on shares of Kraft Heinz in a research note on Thursday, September 24th. UBS Group restated a "neutral" rating on shares of Kraft Heinz in a report on Thursday. TD Cowen reaffirmed a "hold" rating and set a $22.00 price target on shares of Kraft Heinz in a research report on Tuesday, September 22nd. Finally, Piper Sandler upped their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $23.75.

About Kraft Heinz

The Kraft Heinz Company NASDAQ: KHC is a global food and beverage company that develops, manufactures and markets packaged foods and beverages for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and other grocery items.

The company's brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, Jell-O, Ore-Ida, Classico, Grey Poupon and Planters.

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