Nykredit A S purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,583,336 shares of the company's stock, valued at approximately $131,878,000. Nykredit A S owned 0.47% of Kraft Heinz as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the business. Alyeska Investment Group L.P. purchased a new stake in Kraft Heinz in the second quarter valued at approximately $1,968,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Kraft Heinz in the 2nd quarter valued at $1,076,000. Swedbank AB grew its stake in shares of Kraft Heinz by 10.2% during the 4th quarter. Swedbank AB now owns 1,359,161 shares of the company's stock valued at $32,960,000 after buying an additional 125,307 shares during the period. Franklin Street Advisors Inc. NC increased its holdings in shares of Kraft Heinz by 70.2% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 994,375 shares of the company's stock worth $23,487,000 after buying an additional 410,029 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Kraft Heinz by 60.4% in the 1st quarter. Janus Henderson Group PLC now owns 107,535 shares of the company's stock worth $2,418,000 after buying an additional 40,473 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.
Kraft Heinz Stock Up 0.1%
Shares of NASDAQ KHC opened at $24.76 on Friday. The stock has a fifty day moving average price of $25.43 and a 200 day moving average price of $23.97. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.09. The company has a market cap of $29.36 billion, a P/E ratio of -8.66, a P/E/G ratio of 2.99 and a beta of 0.09.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. The company 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 company's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Research analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.
Kraft Heinz Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders 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 6.5%. Kraft Heinz's dividend payout ratio (DPR) is -55.94%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on KHC shares. Evercore set a $24.00 target price on Kraft Heinz in a report on Thursday, August 6th. UBS Group upped their price target on Kraft Heinz from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Weiss Ratings lowered Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. Royal Bank Of Canada initiated coverage on Kraft Heinz in a report on Thursday. They set an "outperform" rating and a $32.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Kraft Heinz from $21.00 to $22.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz has an average rating of "Reduce" and an average target price of $23.88.
Read Our Latest Analysis on Kraft Heinz
Kraft Heinz Profile
(
Free Report)
The Kraft Heinz Company NASDAQ: KHC is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers, foodservice operators and other customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, beverages, snacks and other packaged foods.
The company's well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House and Classico, among others.
See Also
Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraft Heinz Company (NASDAQ:KHC - Free Report).

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