PNC Financial Services Group Inc. Trims Position in Kraft Heinz Company $KHC

PNC Financial Services Group Inc. cut its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 11.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 226,455 shares of the company’s stock after selling 30,541 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Kraft Heinz were worth $5,492,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KHC. Key Capital Management INC purchased a new position in Kraft Heinz during the 4th quarter worth approximately $29,000. New England Capital Financial Advisors LLC raised its position in 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 buying an additional 511 shares during the last quarter. Rakuten Securities Inc. raised its position in 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 buying an additional 788 shares during the last quarter. Anfield Capital Management LLC raised its position in 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 buying an additional 914 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of Kraft Heinz in the 3rd quarter valued at $38,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Kraft Heinz

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

• Positive Sentiment: Kraft Heinz launched JELL-O Simply, a new gelatin and pudding line made with real fruit juice, no artificial sweeteners, no FD&C colors, and at least 25% less sugar, supporting its broader effort to remove synthetic colors from its U.S. portfolio by the end of 2027. Article Title
• Positive Sentiment: The company completed early-tender and pricing steps for a cash tender offer of up to $1.1 billion of notes, and separately issued new euro notes, actions that suggest active refinancing and debt management. Article Title Article Title
• Positive Sentiment: Zacks Research raised several near- and long-term earnings estimates, including FY2026 and Q1 2027, which can reinforce the view that Kraft Heinz can hold earnings steady despite a tough consumer backdrop.
• Neutral Sentiment: Zacks Research kept a Hold rating on Kraft Heinz, signaling limited conviction even after some estimate increases.
• Negative Sentiment: Some Zacks revisions were cut, including lower EPS forecasts for Q3 2026, Q4 2026, Q2 2027, Q3 2027, Q4 2027, and FY2027, which may limit enthusiasm for a bigger rerating.

Insider Buying and Selling

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $24.61, for a total value of $222,597.45. Following the transaction, the insider owned 202,454 shares of the company’s stock, valued at $4,982,392.94. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.24% of the stock is owned by insiders.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $23.79 on Monday. The firm’s 50-day moving average is $22.60 and its two-hundred day moving average is $23.68. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. The stock has a market capitalization of $28.21 billion, a P/E ratio of -4.90 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The company 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 company 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. On average, sell-side analysts anticipate that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. Kraft Heinz’s dividend payout ratio is presently -32.92%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Jefferies Financial Group decreased their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, March 30th. BTIG Research began coverage on shares of Kraft Heinz in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Piper Sandler lowered their target price on shares of Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Mizuho lowered their price target on shares of 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, Barclays raised their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and a consensus target price of $23.06.

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.