Handelsbanken Fonder AB Trims Position in Kraft Heinz Company $KHC

Handelsbanken Fonder AB lessened its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 10.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 372,249 shares of the company’s stock after selling 42,860 shares during the quarter. Handelsbanken Fonder AB’s holdings in Kraft Heinz were worth $9,027,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KHC. SG Americas Securities LLC lifted its stake in shares of Kraft Heinz by 2,264.5% during the 4th quarter. SG Americas Securities LLC now owns 1,458,451 shares of the company’s stock worth $35,367,000 after purchasing an additional 1,396,770 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Kraft Heinz by 112.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,491,597 shares of the company’s stock worth $64,872,000 after purchasing an additional 1,317,201 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of Kraft Heinz by 148.4% during 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 period. Victory Capital Management Inc. lifted its stake in shares of Kraft Heinz by 77.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,826,152 shares of the company’s stock worth $73,593,000 after purchasing an additional 1,234,078 shares during the period. Finally, Compass Rose Asset Management LP purchased a new position in shares of Kraft Heinz during the 3rd quarter worth $23,436,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $24.61, for a total value of $222,597.45. Following the completion of the sale, the insider directly owned 202,454 shares in the company, valued at approximately $4,982,392.94. This represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KHC shares. UBS Group increased their price target on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wells Fargo & Company reduced their price target on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. BNP Paribas Exane reduced their price target on Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. Barclays increased their target price on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Finally, Jefferies Financial Group cut their target price on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $23.06.

Kraft Heinz Trading Up 0.0%

Shares of KHC opened at $23.54 on Friday. 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 has a market capitalization of $27.91 billion, a P/E ratio of -4.84 and a beta of 0.06. The stock’s fifty day simple moving average is $22.59 and its 200 day simple moving average is $23.69. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities research analysts forecast that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is -32.92%.

More Kraft Heinz News

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

• Positive Sentiment: Kraft Heinz advanced its balance-sheet management by launching new euro notes and moving ahead with a cash tender offer for up to $1.1 billion of outstanding notes, which could help lower financing costs and extend debt maturity. Kraft Heinz Launches New Euro Notes, Refinances Debt
• Positive Sentiment: The company said it received strong early tender participation and satisfied the financing condition for the buyback, signaling solid demand and a smooth path to completing the transaction. Kraft Heinz Announces Early Tender Participation Results, Satisfaction of the Financing Condition, and Election of Early Settlement
• Positive Sentiment: Kraft Heinz also launched new and reformulated products, including Jell-O without artificial dyes and a lactose-free Kraft Natural Cheese line, which may help revive sales by appealing to health-conscious consumers and new dietary trends. Kraft Heinz launches Jell-O line without artificial dyes
• Neutral Sentiment: Market commentary noted the stock has recently been mixed, with some short-term gains but continued underperformance over longer periods, keeping sentiment cautious even as the shares have edged higher. Kraft Heinz Co. stock rises Wednesday, still underperforms market

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.