The Manufacturers Life Insurance Company Grows Position in Kraft Heinz Company $KHC

Key Points

• The Manufacturers Life Insurance Company increased its Kraft Heinz stake by 11.3% in the second quarter to 561,627 shares valued at approximately $13.3 million. Institutional investors collectively own 78.17% of the company.
• Kraft Heinz reported quarterly EPS of $0.56, exceeding estimates of $0.53, while revenue reached $6.26 billion but declined 1.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $2.03–$2.09.
• Kraft Heinz declared a quarterly dividend of $0.40 per share, equivalent to $1.60 annually and a 6.5% yield. Analysts remain cautious, with a consensus “Reduce” rating and a $23.33 price target versus the reported $24.60 share price.

The Manufacturers Life Insurance Company grew its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 11.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 561,627 shares of the company's stock after acquiring an additional 57,092 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Kraft Heinz were worth $13,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Kraft Heinz during the second quarter valued at about $1,803,911,000. California State Teachers Retirement System increased its stake in Kraft Heinz by 2,805.5% in the 2nd quarter. California State Teachers Retirement System now owns 38,073,220 shares of the company's stock valued at $899,289,000 after buying an additional 36,762,849 shares during the last quarter. Invesco Ltd. lifted its position 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 worth $478,347,000 after buying an additional 1,870,310 shares in the last quarter. Auto Owners Insurance Co lifted its position in shares of Kraft Heinz by 3,034.1% during the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company's stock worth $39,957,000 after buying an additional 15,951,271 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Kraft Heinz in the 4th quarter worth approximately $332,382,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Up 0.9%

Shares of KHC stock opened at $24.60 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The firm has a market cap of $29.17 billion, a P/E ratio of -8.60, a PEG ratio of 2.99 and a beta of 0.09. The company has a 50 day moving average of $25.46 and a 200-day moving average of $23.97. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.09.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. Kraft Heinz's revenue for the quarter was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Sell-side analysts anticipate that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz's dividend payout ratio is currently -55.94%.

Analysts Set New Price Targets

KHC has been the subject of several recent analyst reports. Barclays upped their target price on Kraft Heinz from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. Evercore set a $24.00 price target on Kraft Heinz in a report on Thursday, August 6th. Wall Street Zen downgraded Kraft Heinz from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Piper Sandler raised their target price on Kraft Heinz from $24.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company lifted their target price on Kraft Heinz from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of "Reduce" and a consensus price target of $23.33.

Insider Buying and Selling at Kraft Heinz

In other 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 completion of the transaction, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.24% of the company's stock.

Kraft Heinz Company Profile

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.

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