Norges Bank Invests $332.38 Million in Kraft Heinz Company $KHC

Norges Bank purchased a new position in Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,706,471 shares of the company’s stock, valued at approximately $332,382,000. Norges Bank owned approximately 1.16% of Kraft Heinz at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KHC. Ashton Thomas Private Wealth LLC bought a new position in shares of Kraft Heinz in the 1st quarter worth $207,000. Woodline Partners LP raised its position in shares of Kraft Heinz by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after acquiring an additional 20,690 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Kraft Heinz by 16.6% in the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock worth $1,323,000 after acquiring an additional 7,307 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Kraft Heinz by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after acquiring an additional 4,003 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new position in shares of Kraft Heinz in the 2nd quarter worth $207,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Down 1.6%

Kraft Heinz stock opened at $23.63 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The business’s 50-day simple moving average is $22.80 and its two-hundred day simple moving average is $23.68. The company has a market cap of $28.02 billion, a PE ratio of -4.86 and a beta of 0.06. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $29.19.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities analysts anticipate that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s payout ratio is presently -32.92%.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. Sanford C. Bernstein upped their target price on Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft upped their target price on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. TD Cowen reduced their target price on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, March 25th. Mizuho reduced their target price on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Finally, The Goldman Sachs Group set a $23.00 target price on Kraft Heinz in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $23.06.

Kraft Heinz Company 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.