Capital International Investors Acquires 30,991 Shares of Kraft Heinz Company $KHC

Capital International Investors raised its holdings in Kraft Heinz Company (NASDAQ:KHC) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,583,727 shares of the company’s stock after buying an additional 30,991 shares during the quarter. Capital International Investors owned about 0.64% of Kraft Heinz worth $197,480,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its holdings in Kraft Heinz by 172.4% in the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after acquiring an additional 788 shares in the last quarter. Cape Investment Advisory Inc. raised its holdings in Kraft Heinz by 164.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after purchasing an additional 807 shares in the last quarter. Anfield Capital Management LLC lifted its position in shares of Kraft Heinz by 256.7% in the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after purchasing an additional 914 shares during the period. Sentry Investment Management LLC bought a new stake in shares of Kraft Heinz during the 3rd quarter valued at about $38,000. Finally, Albion Financial Group UT bought a new stake in shares of Kraft Heinz during the 3rd quarter valued at about $43,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kraft Heinz

In related news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the sale, the insider directly owned 686,817 shares of the company’s stock, valued at approximately $17,046,797.94. This represents a 15.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cory Onell sold 9,045 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45. Following the sale, the insider owned 202,454 shares of the company’s stock, valued at approximately $4,982,392.94. This represents a 4.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 139,036 shares of company stock worth $3,446,578. 0.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KHC has been the subject of a number of research reports. BNP Paribas Exane decreased their price target on shares of Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating for the company in a research note on Thursday, February 12th. JPMorgan Chase & Co. downgraded Kraft Heinz from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $24.00 to $22.00 in a report on Thursday, February 12th. Barclays increased their target price on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft dropped their price target on Kraft Heinz from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein upped their price target on Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, Kraft Heinz has a consensus rating of “Reduce” and an average target price of $24.89.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $23.14 on Thursday. Kraft Heinz Company has a twelve month low of $21.99 and a twelve month high of $31.15. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $27.39 billion, a P/E ratio of -4.68 and a beta of 0.06. The stock’s 50 day moving average is $23.98 and its 200 day moving average is $24.90.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the previous year, the business earned $0.84 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, March 6th. Kraft Heinz’s payout ratio is currently -32.39%.

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.