Principal Financial Group Inc. Buys 34,125 Shares of Kraft Heinz Company $KHC

Principal Financial Group Inc. grew its stake in Kraft Heinz Company (NASDAQ:KHC) by 3.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,017,133 shares of the company’s stock after purchasing an additional 34,125 shares during the period. Principal Financial Group Inc. owned about 0.09% of Kraft Heinz worth $22,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jessup Wealth Management Inc acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $27,000. Reflection Asset Management bought a new position in shares of Kraft Heinz in the 4th quarter valued at $28,000. DV Equities LLC bought a new position in shares of Kraft Heinz in the 4th quarter valued at $29,000. Key Capital Management INC acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at $29,000. Finally, New England Capital Financial Advisors LLC boosted 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 valued at $30,000 after acquiring an additional 511 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

Key Stories Impacting Kraft Heinz

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

• Positive Sentiment: The Disney alliance could expand Kraft Heinz’s visibility across theme parks, cruises, media, and consumer products, creating a platform to refresh key brands and potentially boost long-term demand. Kraft Heinz and The Walt Disney Company Announce Landmark Alliance, Uniting the Iconic Companies Across Food, Media and Experiences
• Positive Sentiment: Kraft Heinz will become the exclusive supplier of several products at Disney destinations, which could support recurring product placement and stronger brand association with families. Disney partners with Kraft Heinz for theme parks, cruises, and media
• Neutral Sentiment: Analysts and commentary around the deal suggest the partnership is strategically interesting, but investors are still waiting for proof that it will improve earnings estimates or growth trends. Kraft Heinz Bets on Disney to Revive Its Brands
• Neutral Sentiment: Separate valuation-focused coverage from Zacks indicates the stock remains a debate for investors, with no clear catalyst from the article itself beyond standard value-screening discussion. 1 Stock Under $50 with Impressive Fundamentals and 2 We Avoid
• Negative Sentiment: Some market coverage says shares slipped after the announcement because the deal’s upside may already be priced in, and it may take time before the partnership shows up in financial results. Disney, Kraft Heinz Stocks Slip After Companies Announce Multi-Year Strategic Alliance

Insider Activity at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Kraft Heinz Trading Down 0.3%

Shares of KHC stock opened at $25.79 on Wednesday. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.19. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The stock has a market cap of $30.58 billion, a price-to-earnings ratio of -5.31 and a beta of 0.09. The stock has a 50-day moving average of $24.01 and a 200-day moving average of $23.54.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities research analysts forecast that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.2%. Kraft Heinz’s payout ratio is -32.92%.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of recent research reports. Piper Sandler upped their target price on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a report on Friday. Morgan Stanley set a $22.00 target price on shares of Kraft Heinz in a research report on Thursday, April 23rd. Zacks Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Sanford C. Bernstein downgraded shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $25.00 to $21.00 in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $23.12.

Kraft Heinz 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.