Kraft Heinz Company $KHC Shares Purchased by Amundi

Key Points

• Amundi increased its Kraft Heinz stake by 10.3% in the second quarter, purchasing 506,624 additional shares and bringing its total holdings to 5.4 million shares valued at approximately $127.7 million. Institutional investors collectively own 78.17% of the company.
• Kraft Heinz reported quarterly earnings of $0.56 per share, beating estimates by $0.03, while revenue of $6.26 billion exceeded expectations but declined 1.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $2.03–$2.09.
• The company declared a quarterly dividend of $0.40 per share, equivalent to an annualized $1.60 payout and a 6.5% yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $23.33 price target versus the reported share price of $24.61.

Amundi boosted its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,407,217 shares of the company's stock after purchasing an additional 506,624 shares during the quarter. Amundi owned about 0.46% of Kraft Heinz worth $127,715,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in Kraft Heinz during the first quarter worth approximately $207,000. Woodline Partners LP raised its holdings in shares of Kraft Heinz by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company's stock worth $2,243,000 after acquiring an additional 20,690 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Kraft Heinz by 16.6% during the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company's stock worth $1,323,000 after acquiring an additional 7,307 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company's stock valued at $13,482,000 after acquiring an additional 4,003 shares during the last quarter. Finally, HUB Investment Partners LLC acquired a new position in shares of Kraft Heinz during the 2nd quarter valued at about $207,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Insiders Place Their Bets

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the business's stock in a transaction that occurred on 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 owned 102,667 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.24% of the company's stock.

Kraft Heinz Stock Down 1.2%

Shares of NASDAQ:KHC opened at $24.61 on Thursday. The company has a market capitalization of $29.18 billion, a price-to-earnings ratio of -8.60, a PEG ratio of 3.03 and a beta of 0.09. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.09. The business has a 50-day moving average price of $25.49 and a 200 day moving average price of $23.97. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49.

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

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.5%. The ex-dividend date is Friday, September 4th. Kraft Heinz's dividend payout ratio (DPR) is -55.94%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KHC. Wall Street Zen cut shares of Kraft Heinz from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings lowered shares of Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. Wells Fargo & Company increased their price target on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 8th. TD Cowen raised their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a report on Thursday, August 6th. Finally, Sanford C. Bernstein downgraded shares of Kraft Heinz from a "market perform" rating to an "underperform" rating and cut their price target for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $23.33.

Kraft Heinz Company Profile

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

The company's well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House and Classico, among others.

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