Kraft Heinz Company $KHC Stock: First Citizens Bank & Trust Co. Trims Holdings

Key Points

• First Citizens Bank & Trust Co. cut its Kraft Heinz stake by 14.5% in the third quarter, selling 97,172 shares and retaining 570,824 shares valued at approximately $13.0 million. Institutional investors collectively own 78.17% of KHC.
• Kraft Heinz reported quarterly EPS of $0.56, exceeding expectations of $0.53, while revenue reached $6.26 billion but declined 1.4% year over year. The company guided for fiscal 2026 EPS of $2.03–$2.09.
• KHC offers a quarterly dividend of $0.40, equivalent to a 7.1% annualized yield. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $23.75.

First Citizens Bank & Trust Co. decreased its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 14.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 570,824 shares of the company's stock after selling 97,172 shares during the period. First Citizens Bank & Trust Co.'s holdings in Kraft Heinz were worth $12,969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of KHC. Wetzel Investment Advisors Inc. grew its position in Kraft Heinz by 5.9% during the 3rd quarter. Wetzel Investment Advisors Inc. now owns 14,346 shares of the company's stock worth $326,000 after acquiring an additional 800 shares during the last quarter. Signal Advisors Wealth LLC bought a new position in Kraft Heinz in the 3rd quarter valued at $334,000. Krilogy Financial LLC raised its position in Kraft Heinz by 14.8% in the 3rd quarter. Krilogy Financial LLC now owns 19,941 shares of the company's stock valued at $448,000 after purchasing an additional 2,574 shares during the last quarter. Fluent Financial LLC boosted its stake in Kraft Heinz by 10.9% in the third quarter. Fluent Financial LLC now owns 64,854 shares of the company's stock worth $1,473,000 after purchasing an additional 6,371 shares in the last quarter. Finally, Steel Grove Capital Advisors LLC boosted its stake in Kraft Heinz by 16.9% in the third quarter. Steel Grove Capital Advisors LLC now owns 78,917 shares of the company's stock worth $1,793,000 after purchasing an additional 11,403 shares in the last quarter. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

KHC stock opened at $22.44 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The company has a 50 day moving average price of $24.35 and a 200 day moving average price of $23.98. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $28.09. The stock has a market capitalization of $26.61 billion, a PE ratio of -7.85, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its 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. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the company posted $0.69 EPS. The company's revenue was down 1.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 7.1%. The ex-dividend date was Friday, September 4th. Kraft Heinz's dividend payout ratio is -55.94%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KHC. Wall Street Zen cut Kraft Heinz from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. TD Cowen reaffirmed a "hold" rating and issued a $22.00 price target on shares of Kraft Heinz in a report on Tuesday, September 22nd. Piper Sandler lifted their price target on Kraft Heinz from $24.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. UBS Group upped their price target on shares of Kraft Heinz from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Monday, October 5th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Kraft Heinz has a consensus rating of "Reduce" and an average target price of $23.75.

Kraft Heinz Company Profile

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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