Kraft Heinz Company $KHC Shares Bought by RWWM Inc.

RWWM Inc. grew its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 28.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,204,598 shares of the company’s stock after purchasing an additional 704,198 shares during the period. Kraft Heinz makes up about 5.3% of RWWM Inc.’s investment portfolio, making the stock its 9th largest position. RWWM Inc.’s holdings in Kraft Heinz were worth $72,071,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in KHC. Vanguard Group Inc. boosted its stake in shares of Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after purchasing an additional 616,283 shares during the period. Invesco Ltd. increased its stake in 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 during the period. Auto Owners Insurance Co lifted its holdings in Kraft Heinz by 3,034.1% in 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. Nordea Investment Management AB lifted its holdings in Kraft Heinz by 0.8% in the 4th quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock worth $336,134,000 after buying an additional 106,970 shares in the last quarter. Finally, Norges Bank purchased a new position in Kraft Heinz in the 4th quarter valued at about $332,382,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on KHC shares. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. TD Cowen reduced their price target on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. Wells Fargo & Company raised their price objective on Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. UBS Group lifted their price objective on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Piper Sandler upped their target price on Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Kraft Heinz currently has an average rating of “Reduce” and an average price target of $23.00.

Insider Activity

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

Kraft Heinz Stock Down 0.6%

NASDAQ:KHC opened at $25.08 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 company has a market capitalization of $29.74 billion, a price-to-earnings ratio of -5.16 and a beta of 0.09. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19. The stock has a 50-day simple moving average of $23.77 and a 200 day simple moving average of $23.48.

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

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s dividend payout ratio is currently -32.92%.

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.