Barclays PLC Raises Stock Position in Kraft Heinz Company $KHC

Barclays PLC increased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 77.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,973,146 shares of the company’s stock after purchasing an additional 3,926,141 shares during the period. Barclays PLC’s holdings in Kraft Heinz were worth $217,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Kraft Heinz by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after purchasing an additional 616,283 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Kraft Heinz by 1.5% during the third quarter. Invesco Ltd. now owns 17,855,352 shares of the company’s stock worth $464,953,000 after purchasing an additional 270,678 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Kraft Heinz by 0.8% during the fourth quarter. Nordea Investment Management AB now owns 13,801,453 shares of the company’s stock worth $336,134,000 after purchasing an additional 106,970 shares during the last quarter. Norges Bank purchased a new position in shares of Kraft Heinz during the fourth quarter worth $332,382,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Kraft Heinz by 3.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,893,686 shares of the company’s stock worth $239,922,000 after purchasing an additional 341,197 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

KHC opened at $24.39 on Monday. The firm has a market capitalization of $28.92 billion, a PE ratio of -5.02 and a beta of 0.08. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19. The firm’s 50-day moving average price is $23.08 and its 200 day moving average price is $23.58. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last posted its 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 company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. Kraft Heinz’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, sell-side analysts expect that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.6%. 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 subject of a number of recent analyst reports. Jefferies Financial Group cut their price objective on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, March 30th. Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a report on Thursday, April 23rd. BTIG Research initiated coverage on shares of Kraft Heinz in a report on Monday, April 13th. They issued a “neutral” rating for the company. TD Cowen cut their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. Finally, Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Kraft Heinz presently has a consensus rating of “Reduce” and a consensus price target of $22.69.

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.