AustralianSuper Pty Ltd Purchases 146,763 Shares of Kraft Heinz Company $KHC

AustralianSuper Pty Ltd boosted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 13.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,217,081 shares of the company’s stock after purchasing an additional 146,763 shares during the quarter. AustralianSuper Pty Ltd owned about 0.10% of Kraft Heinz worth $31,693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Rakuten Securities Inc. lifted 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 buying an additional 788 shares during the period. Cape Investment Advisory Inc. raised its position in shares of Kraft Heinz by 164.7% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after acquiring an additional 807 shares during the last quarter. Anfield Capital Management LLC lifted its stake 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 valued at $33,000 after purchasing an additional 914 shares during the period. Sentry Investment Management LLC bought a new position in shares of Kraft Heinz in the 3rd quarter worth $38,000. Finally, Albion Financial Group UT acquired a new stake in shares of Kraft Heinz during the third quarter worth $43,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $24.22 on Wednesday. The company has a market capitalization of $28.67 billion, a P/E ratio of -4.90 and a beta of 0.06. Kraft Heinz Company has a 52 week low of $21.99 and a 52 week high of $33.35. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15. The company’s 50 day moving average price is $24.00 and its two-hundred day moving average price is $25.03.

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

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Friday, March 6th. Kraft Heinz’s payout ratio is -32.39%.

Insider Activity

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total value of $3,102,500.00. Following the sale, the insider owned 686,817 shares in the company, valued at approximately $17,046,797.94. The trade was a 15.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Cory Onell sold 9,045 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $24.61, for a total value of $222,597.45. Following the transaction, the insider directly owned 202,454 shares of the company’s stock, valued at approximately $4,982,392.94. This trade represents a 4.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 139,036 shares of company stock valued at $3,446,578 over the last ninety days. 0.35% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KHC has been the topic of several analyst reports. Jefferies Financial Group cut their target price on Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Zacks Research downgraded shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Barclays boosted their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. Sanford C. Bernstein increased their target price on shares of Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday, February 12th. Finally, TD Cowen reissued a “hold” rating on shares of Kraft Heinz in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Reduce” and a consensus price target of $24.89.

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.