Nykredit A S Makes New Investment in Kraft Heinz Company $KHC

Key Points

• Nykredit A/S acquired 7.68 million Kraft Heinz shares worth approximately $181.4 million, representing about 0.65% of the company. Institutional investors collectively own 78.17% of Kraft Heinz.
• Kraft Heinz reported quarterly EPS of $0.56, beating estimates of $0.53, while revenue reached $6.26 billion but declined 1.4% year over year. Analysts maintain a generally cautious view, with an average “Reduce” rating and a $23.33 price target.
• The company declared a quarterly dividend of $0.40 per share, equivalent to an annualized $1.60 payout and a 6.1% yield.

Nykredit A S bought a new position in Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,680,255 shares of the company's stock, valued at approximately $181,408,000. Nykredit A S owned approximately 0.65% of Kraft Heinz as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Kraft Heinz during the second quarter valued at $1,803,911,000. Invesco Ltd. boosted its holdings in shares of Kraft Heinz by 10.5% during the 4th quarter. Invesco Ltd. now owns 19,725,662 shares of the company's stock valued at $478,347,000 after buying an additional 1,870,310 shares in the last quarter. Auto Owners Insurance Co increased its stake in shares of Kraft Heinz by 3,034.1% in the 4th 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 bought a new position in shares of Kraft Heinz in the 4th quarter worth about $332,382,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Kraft Heinz by 3.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,893,686 shares of the company's stock valued at $239,922,000 after acquiring an additional 341,197 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Barclays upped their price objective on shares of Kraft Heinz from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a research report on Thursday, May 7th. Piper Sandler upped their price target on Kraft Heinz from $24.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Evercore set a $24.00 price objective on Kraft Heinz in a research report on Thursday, August 6th. Finally, Weiss Ratings downgraded Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $23.33.

Kraft Heinz Stock Up 1.5%

Shares of Kraft Heinz stock opened at $26.26 on Thursday. The company has a 50-day simple moving average of $25.40 and a two-hundred day simple moving average of $23.95. The stock has a market capitalization of $31.14 billion, a PE ratio of -9.18, a price-to-earnings-growth ratio of 3.14 and a beta of 0.09. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $28.09. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly 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 firm 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%. The business's revenue for the quarter was down 1.4% on a year-over-year basis. 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. On average, analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 6.1%. Kraft Heinz's dividend payout ratio is -55.94%.

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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