Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Stake in Kraft Heinz Company $KHC

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in Kraft Heinz Company (NASDAQ:KHC) by 71.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 114,761 shares of the company’s stock after selling 291,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Kraft Heinz were worth $2,783,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Key Capital Management INC acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $29,000. New England Capital Financial Advisors LLC raised its holdings in shares of Kraft Heinz by 70.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after acquiring an additional 511 shares during the period. Rakuten Securities Inc. raised its holdings in shares of Kraft Heinz by 172.4% during the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after acquiring an additional 788 shares during the period. Anfield Capital Management LLC raised its holdings in shares of Kraft Heinz by 256.7% during the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after acquiring an additional 914 shares during the period. Finally, Brown Shipley& Co Ltd purchased a new position in shares of Kraft Heinz during the 4th quarter worth $40,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on KHC. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. UBS Group raised their price target on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Evercore reduced their price target on shares of Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. The Goldman Sachs Group set a $23.00 price target on shares of Kraft Heinz in a research report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $22.69.

Kraft Heinz Trading Up 0.3%

Shares of KHC stock opened at $23.43 on Wednesday. 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 stock has a market capitalization of $27.78 billion, a P/E ratio of -4.82 and a beta of 0.08. The company has a 50 day moving average price of $22.97 and a 200 day moving average price of $23.60. 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 announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts predict that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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

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.