Kraft Heinz Company $KHC Shares Sold by Bank of America Corp DE

Key Points

• Bank of America reduced its Kraft Heinz stake by 17.2% in the first quarter, selling 861,084 shares and retaining 4.15 million shares worth approximately $93.3 million. Institutional investors collectively own 78.17% of KHC.
• Kraft Heinz’s quarterly results exceeded expectations, with EPS of $0.56 versus the $0.53 consensus and revenue of $6.26 billion versus $6.18 billion. However, revenue declined 1.4% year over year, and the company reported a large impairment-driven net loss.
• The company declared a quarterly dividend of $0.40 per share, equivalent to a 6.3% annualized yield, while analysts remain cautious: KHC has an average “Reduce” rating and a consensus price target of $23.62.

Bank of America Corp DE cut its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 17.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,148,992 shares of the company's stock after selling 861,084 shares during the quarter. Bank of America Corp DE owned 0.35% of Kraft Heinz worth $93,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KHC. Auto Owners Insurance Co grew its stake in shares of Kraft Heinz by 3,034.1% in the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company's stock worth $39,957,000 after acquiring an additional 15,951,271 shares in the last quarter. Norges Bank purchased a new position in Kraft Heinz in the fourth quarter valued at $332,382,000. Barclays PLC grew its stake in Kraft Heinz by 77.8% during the 4th quarter. Barclays PLC now owns 8,973,146 shares of the company's stock worth $217,599,000 after purchasing an additional 3,926,141 shares in the last quarter. California Public Employees Retirement System grew its stake in Kraft Heinz by 94.8% during the 1st quarter. California Public Employees Retirement System now owns 4,347,594 shares of the company's stock worth $97,777,000 after purchasing an additional 2,116,175 shares in the last quarter. Finally, KBC Group NV increased its holdings in Kraft Heinz by 226.3% during the 1st quarter. KBC Group NV now owns 2,990,755 shares of the company's stock worth $67,262,000 after purchasing an additional 2,074,270 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $25.32 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.82 and a current ratio of 1.06. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $28.10. The firm has a market capitalization of $30.03 billion, a PE ratio of -8.85 and a beta of 0.08. The stock's 50-day simple moving average is $24.65 and its 200-day simple moving average is $23.76.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The firm had revenue of $6.26 billion during 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 firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period 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. As a group, equities research analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders 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 6.3%. The ex-dividend date is Friday, September 4th. Kraft Heinz's payout ratio is currently -55.94%.

Insider Activity

In other news, insider Diana Frost sold 18,502 shares of the company's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the transaction, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.24% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on KHC. Morgan Stanley set a $22.00 price target on Kraft Heinz in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a research note on Thursday, May 7th. TD Cowen boosted 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. Zacks Research upgraded shares of Kraft Heinz from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 21st. Finally, Wall Street Zen cut shares of Kraft Heinz from a "buy" rating to a "hold" rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $23.62.

Key Stories Impacting Kraft Heinz

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Quarterly results exceeded expectations: Kraft Heinz reported Q2 sales of approximately $6.26 billion and adjusted EPS of $0.56, ahead of consensus estimates of $6.18 billion and $0.53, respectively. The company also maintained its 2026 adjusted EPS outlook of $2.03–$2.09. Kraft Heinz Q2 Earnings Beat Estimates Despite Organic Sales Dip
• Positive Sentiment: Early signs of stabilization are encouraging: Management said consumption trends and market share are improving, with losses narrowing to 30 basis points. Kraft Heinz plans to add $100 million in second-half marketing investment to support brand momentum and pursue volume-led growth in 2027. KHC Q2 Earnings Call Raises Brand Spending on Early Traction
• Positive Sentiment: Credit outlook improved: JPMorgan upgraded Kraft Heinz’s credit recommendation to Overweight, citing better results, disciplined balance-sheet management and confidence that the company can fund brand investment while controlling leverage. JPMorgan Upgrades Kraft Heinz Credit to Overweight
• Neutral Sentiment: Income support remains intact: Kraft Heinz declared a quarterly dividend of $0.40 per share, preserving an annualized payout of $1.60. The high yield may attract income investors, although it also reflects concerns about the company’s growth and valuation. 3 Big Dividends and One Case Study in How a Yield Trap Ends
• Negative Sentiment: Headline results were severely distorted: Kraft Heinz posted a net loss of roughly $5.46 billion, primarily because of goodwill and intangible-asset impairment charges totaling about $7.4 billion. Although noncash, the write-down highlights weaker expectations for certain brands and weighs on confidence. Kraft Heinz Is Down After Massive Impairment-Fueled Loss
• Negative Sentiment: Turnaround costs and weak demand remain risks: Organic sales declined, while inflation, lower volumes and increased marketing and innovation spending are expected to make 2026 the company’s margin trough. Analysts therefore characterize the recovery as promising but cautious rather than established. Kraft Heinz Earnings Call Signals Cautious Turnaround

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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