Vanguard Group Inc. Has $2.50 Billion Stock Position in Kraft Heinz Company $KHC

Vanguard Group Inc. boosted its stake in Kraft Heinz Company (NASDAQ:KHC) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 102,933,219 shares of the company’s stock after buying an additional 616,283 shares during the period. Vanguard Group Inc. owned about 0.09% of Kraft Heinz worth $2,496,131,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of KHC. Ashton Thomas Private Wealth LLC acquired a new position in Kraft Heinz in the 1st quarter valued at about $207,000. Woodline Partners LP grew its stake in Kraft Heinz by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after buying an additional 20,690 shares during the last quarter. NewEdge Advisors LLC grew its stake in Kraft Heinz by 16.6% in the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after buying an additional 7,307 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Kraft Heinz by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock valued at $13,482,000 after purchasing an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC bought a new stake in Kraft Heinz in the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 4,991 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $24.34, for a total transaction of $121,480.94. Following the completion of the sale, the insider owned 197,463 shares of the company’s stock, valued at approximately $4,806,249.42. This represents a 2.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $22.42 on Thursday. The company has a 50 day moving average of $22.90 and a 200-day moving average of $23.89. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.29. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a market cap of $26.58 billion, a PE ratio of -4.54 and a beta of 0.07.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities research analysts forecast that Kraft Heinz Company will post 2.04 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, March 6th. Kraft Heinz’s dividend payout ratio is -32.39%.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of recent research reports. BNP Paribas Exane cut their price objective on shares of Kraft Heinz from $19.00 to $18.00 and set an “underperform” rating for the company in a report on Thursday, April 9th. The Goldman Sachs Group set a $23.00 price objective on shares of Kraft Heinz in a report on Thursday, February 12th. Evercore cut their price objective on shares of Kraft Heinz from $25.00 to $22.00 in a report on Thursday, February 12th. Zacks Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $23.47.

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.