Swedbank AB Has $26.74 Million Stock Position in Kraft Heinz Company $KHC

Key Points

• Swedbank AB increased its holdings in Kraft Heinz Company by 13.6%, owning 878,684 shares worth approximately $26.74 million as of the latest SEC filing.
• Several hedge funds, including Hara Capital and Focus Partners Wealth, also significantly increased their stakes in Kraft Heinz during the 4th quarter, indicating strong institutional interest.
• Kraft Heinz declared a quarterly dividend of $0.40 per share, with a yield of 6.1%, and the payout is set for September 26th to shareholders of record as of August 29th.

Swedbank AB lifted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 13.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 878,684 shares of the company's stock after purchasing an additional 104,872 shares during the quarter. Swedbank AB owned approximately 0.07% of Kraft Heinz worth $26,738,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KHC. Hara Capital LLC increased its stake in shares of Kraft Heinz by 61.9% during the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock worth $52,000 after purchasing an additional 650 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Kraft Heinz by 91.1% during the 4th quarter. Focus Partners Wealth now owns 60,918 shares of the company's stock worth $1,871,000 after purchasing an additional 29,035 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Kraft Heinz by 1.9% during the 4th quarter. Janus Henderson Group PLC now owns 107,417 shares of the company's stock worth $3,299,000 after purchasing an additional 2,023 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its stake in shares of Kraft Heinz by 4.0% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,009 shares of the company's stock worth $307,000 after purchasing an additional 386 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp grew its stake in Kraft Heinz by 21.5% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 36,189 shares of the company's stock valued at $1,111,000 after buying an additional 6,392 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the sale, the director directly owned 40,000 shares of the company's stock, valued at approximately $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KHC. Stifel Nicolaus lowered their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating on the stock in a research note on Wednesday, September 3rd. Hsbc Global Res upgraded shares of Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and raised their target price for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. JPMorgan Chase & Co. began coverage on shares of Kraft Heinz in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 3rd. Seventeen analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $29.76.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $26.13 on Friday. The company has a 50-day moving average of $27.47 and a 200-day moving average of $28.06. The company has a market capitalization of $30.93 billion, a price-to-earnings ratio of -5.82, a PEG ratio of 3.09 and a beta of 0.23. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, equities research analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz's dividend payout ratio is currently -35.63%.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.