Kraft Heinz Company $KHC Shares Purchased by Swedbank AB

Key Points

• Swedbank AB increased its holdings in Kraft Heinz Company by 10.5%, owning approximately $25.07 million worth of shares after acquiring an additional 92,225 shares in Q2.
• Kraft Heinz reported $0.69 earnings per share (EPS) for its last quarter, exceeding analysts' estimates, while revenue was down 1.9% year-over-year.
• The company declared a quarterly dividend of $0.40 per share, with a 6.1% dividend yield, set to be paid on September 26th.

Swedbank AB increased its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 10.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 970,909 shares of the company's stock after acquiring an additional 92,225 shares during the quarter. Swedbank AB owned approximately 0.08% of Kraft Heinz worth $25,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rossby Financial LCC acquired a new position in shares of Kraft Heinz during the 1st quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in shares of Kraft Heinz during the 1st quarter valued at about $33,000. Investment Management Corp VA ADV boosted its position in shares of Kraft Heinz by 141.7% during the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock valued at $35,000 after acquiring an additional 669 shares during the last quarter. Pinney & Scofield Inc. acquired a new position in shares of Kraft Heinz during the 4th quarter valued at about $38,000. Finally, Abound Wealth Management boosted its position in shares of Kraft Heinz by 1,157.0% during the 1st quarter. Abound Wealth Management now owns 1,257 shares of the company's stock valued at $38,000 after acquiring an additional 1,157 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Stock Up 0.2%

Shares of KHC stock traded up $0.04 during trading hours on Monday, reaching $26.46. 10,524,676 shares of the stock were exchanged, compared to its average volume of 12,908,357. The business's fifty day moving average is $27.41 and its two-hundred day moving average is $27.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. Kraft Heinz Company has a 12-month low of $25.44 and a 12-month high of $36.31. The firm has a market capitalization of $31.32 billion, a P/E ratio of -5.89, a P/E/G ratio of 3.08 and a beta of 0.23.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The firm's revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, research analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.0%. The ex-dividend date is Friday, August 29th. Kraft Heinz's dividend payout ratio is currently -35.63%.

Wall Street Analyst Weigh In

A number of research analysts have commented on KHC shares. Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating on the stock in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. started coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 3rd. UBS Group set a $28.00 target price on shares of Kraft Heinz and gave the company a "neutral" rating in a research report on Thursday, September 4th. Finally, Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. Seventeen research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Kraft Heinz has an average rating of "Reduce" and an average target price of $29.76.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the transaction, the director directly owned 40,000 shares in the company, valued at $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.