Kraft Heinz Company $KHC Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp cut its stake in Kraft Heinz by 34.6% in Q4, selling 269,935 shares and leaving it with 511,261 shares valued at about $12.4 million.
• Several large institutions (including Nordea, SG Americas, Robeco, Ameriprise and Victory Capital) notably increased their KHC positions, and institutional investors now own 78.17% of the company.
• Insider Cory Onell sold 4,991 shares and insiders now own 0.24% of KHC; the company also pays a quarterly dividend of $0.40 (annualized yield ~7.1%).

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 34.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 511,261 shares of the company's stock after selling 269,935 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Kraft Heinz were worth $12,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in KHC. Nordea Investment Management AB lifted its holdings in Kraft Heinz by 75.1% in the 3rd quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company's stock worth $351,263,000 after buying an additional 5,873,967 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Kraft Heinz by 2,264.5% in the 4th quarter. SG Americas Securities LLC now owns 1,458,451 shares of the company's stock worth $35,367,000 after buying an additional 1,396,770 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Kraft Heinz by 97.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,826,723 shares of the company's stock worth $73,608,000 after buying an additional 1,392,904 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Kraft Heinz by 112.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,491,597 shares of the company's stock worth $64,872,000 after buying an additional 1,317,201 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Kraft Heinz by 77.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,826,152 shares of the company's stock worth $73,593,000 after buying an additional 1,234,078 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Insiders Place Their Bets

In related news, insider Cory Onell sold 4,991 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total transaction of $121,480.94. Following the sale, the insider owned 197,463 shares in the company, valued at $4,806,249.42. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by company insiders.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $22.49 on Friday. The firm has a market cap of $26.67 billion, a PE ratio of -4.55 and a beta of 0.07. The firm's 50-day simple moving average is $22.87 and its 200-day simple moving average is $23.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.38 billion. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The company's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities analysts forecast that Kraft Heinz Company will post 2.04 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 7.1%. Kraft Heinz's dividend payout ratio is -32.39%.

Analyst Ratings Changes

KHC has been the topic of a number of recent analyst reports. Sanford C. Bernstein boosted their price objective on shares of Kraft Heinz from $24.00 to $27.00 and gave the stock a "market perform" rating in a report on Thursday, February 12th. Evercore reduced their target price on Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, March 12th. UBS Group decreased their price target on shares of Kraft Heinz from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, April 7th. Finally, BTIG Research assumed coverage on shares of Kraft Heinz in a research report on Monday, April 13th. They set a "neutral" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $23.47.

Kraft Heinz 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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