PNC Financial Services Group Inc. Buys 50,929 Shares of Kraft Heinz Company $KHC

Key Points

• PNC Financial Services increased its Kraft Heinz stake by 22.5% in the first quarter, purchasing 50,929 additional shares and bringing its holdings to 277,384 shares valued at approximately $6.24 million. Institutional investors own 78.17% of KHC.
• Kraft Heinz reported quarterly EPS of $0.58, beating estimates of $0.50, while revenue rose 0.8% year over year to $6.05 billion. The company maintained a $0.40 quarterly dividend, equivalent to a 6.2% annualized yield.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $23.19 versus the stock’s $25.67 opening price. Recent developments include a Disney strategic alliance, elevated call-option activity, and continued speculation that Kraft Heinz could be an LBO target.

PNC Financial Services Group Inc. grew its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 22.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 277,384 shares of the company's stock after purchasing an additional 50,929 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Kraft Heinz were worth $6,238,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Oslo Pensjonsforsikring AS bought a new stake in Kraft Heinz during the 1st quarter valued at $410,000. Cassaday & Co Wealth Management LLC bought a new stake in Kraft Heinz in the 1st quarter worth $27,000. Meeder Advisory Services Inc. increased its position in shares of Kraft Heinz by 33.8% in the first quarter. Meeder Advisory Services Inc. now owns 18,792 shares of the company's stock valued at $423,000 after acquiring an additional 4,746 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Kraft Heinz by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,944,618 shares of the company's stock valued at $178,663,000 after acquiring an additional 149,034 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Kraft Heinz by 14.2% during the first quarter. Parallel Advisors LLC now owns 9,789 shares of the company's stock valued at $220,000 after acquiring an additional 1,219 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Shares of KHC opened at $25.67 on Monday. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.19. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The firm's 50-day moving average price is $24.16 and its 200-day moving average price is $23.57. The firm has a market capitalization of $30.44 billion, a price-to-earnings ratio of -5.28 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.08. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. Kraft Heinz's revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side analysts anticipate that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. Kraft Heinz's dividend payout ratio is currently -32.92%.

Analyst Ratings Changes

A number of research firms have recently weighed in on KHC. Piper Sandler increased their target price on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. Wells Fargo & Company boosted their price target on Kraft Heinz from $23.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft increased their price objective on Kraft Heinz from $20.00 to $22.00 and gave the stock a "hold" rating in a report on Thursday, May 7th. Wall Street Zen upgraded Kraft Heinz from a "hold" rating to a "buy" rating in a research report on Saturday, July 4th. Finally, UBS Group boosted their target price on Kraft Heinz from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $23.19.

Key Headlines Impacting Kraft Heinz

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

• Positive Sentiment: Kraft Heinz announced a strategic alliance with Walt Disney spanning food service, media, events, and branded experiences, which could open new revenue and marketing opportunities and improve the company’s turnaround story. Article Title
• Positive Sentiment: Traders bought 74,729 call options on KHC, far above normal volume, suggesting rising speculation on further upside in the shares.
• Positive Sentiment: Coverage highlighting Kraft Heinz as an ideal LBO/take-private target may be supporting the stock by keeping deal speculation alive, especially given its beaten-down valuation profile. Article Title
• Neutral Sentiment: Analyst commentary on consumer staples names, including KHC, suggests the stock remains a debated value play rather than a clear consensus winner. Article Title
• Negative Sentiment: Recent market coverage noted that KHC had fallen in the prior session, reflecting ongoing investor caution around the company’s fundamentals and the broader consumer-staples backdrop. Article Title

Insider Activity at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the firm's stock in a transaction that occurred on Thursday, June 18th. The stock was 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 $2,366,474.35. This trade represents a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by insiders.

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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