The Manufacturers Life Insurance Company Takes $13.27 Million Position in Kraft Heinz Company $KHC

Key Points

• The Manufacturers Life Insurance Company acquired 561,627 Kraft Heinz shares during the second quarter, establishing a position valued at approximately $13.27 million. Institutional investors collectively own 78.17% of KHC.
• Kraft Heinz exceeded quarterly earnings and revenue estimates, reporting $0.56 in EPS and $6.26 billion in revenue, although revenue declined 1.4% year over year. The company maintained fiscal 2026 EPS guidance of $2.03–$2.09.
• Kraft Heinz declared a quarterly dividend of $0.40 per share, or $1.60 annually, representing a 6.2% yield. Analysts remain cautious, with the stock carrying a consensus “Reduce” rating and an average price target of $23.62.

The Manufacturers Life Insurance Company acquired a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 561,627 shares of the company's stock, valued at approximately $13,266,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Swiss Life Asset Management Ltd grew its position in Kraft Heinz by 148.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company's stock worth $52,595,000 after purchasing an additional 1,295,688 shares during the last quarter. Swedbank AB boosted its stake in 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 purchasing an additional 125,307 shares during the period. AustralianSuper Pty Ltd grew its holdings in shares of Kraft Heinz by 68.7% during the 4th quarter. AustralianSuper Pty Ltd now owns 2,052,635 shares of the company's stock worth $49,776,000 after purchasing an additional 835,554 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Kraft Heinz by 2.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,200,583 shares of the company's stock valued at $53,672,000 after acquiring an additional 56,695 shares during the period. Finally, Franklin Street Advisors Inc. NC raised its holdings in shares of Kraft Heinz by 70.2% in 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 in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Insider Transactions at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the stock in a transaction that occurred 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 directly owned 102,667 shares of the company's stock, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company's stock.

Kraft Heinz Price Performance

NASDAQ KHC opened at $25.70 on Friday. The firm's 50 day moving average is $25.19 and its 200-day moving average is $23.93. 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 company has a market capitalization of $30.48 billion, a PE ratio of -8.99 and a beta of 0.08. 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 announced its earnings results on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The business had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.18 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The firm's revenue was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Equities research analysts anticipate that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 6.2%. Kraft Heinz's payout ratio is currently -55.94%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KHC. BNP Paribas Exane upped their price target on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an "underperform" rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft increased their price target 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 cut Kraft Heinz from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings cut shares of Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. Finally, Sanford C. Bernstein lowered shares of Kraft Heinz from a "market perform" rating to an "underperform" rating and dropped their price objective for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of $23.62.

About Kraft Heinz

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source