Swiss Life Asset Management Ltd Buys 1,295,688 Shares of Kraft Heinz Company $KHC

Swiss Life Asset Management Ltd increased its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 148.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,168,874 shares of the company’s stock after acquiring an additional 1,295,688 shares during the period. Swiss Life Asset Management Ltd’s holdings in Kraft Heinz were worth $52,595,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. NewEdge Wealth LLC raised its holdings in Kraft Heinz by 109.9% during the fourth quarter. NewEdge Wealth LLC now owns 18,756 shares of the company’s stock worth $455,000 after acquiring an additional 9,819 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Kraft Heinz by 6.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 116,251 shares of the company’s stock worth $2,819,000 after acquiring an additional 7,259 shares in the last quarter. Ethic Inc. raised its holdings in Kraft Heinz by 38.8% during the fourth quarter. Ethic Inc. now owns 32,330 shares of the company’s stock worth $784,000 after acquiring an additional 9,042 shares in the last quarter. Ballentine Partners LLC bought a new stake in Kraft Heinz during the fourth quarter worth about $261,000. Finally, International Assets Investment Management LLC raised its holdings in Kraft Heinz by 105.5% during the fourth quarter. International Assets Investment Management LLC now owns 19,524 shares of the company’s stock worth $473,000 after acquiring an additional 10,025 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

More Kraft Heinz News

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

• Positive Sentiment: Kraft Heinz reported better-than-expected Q1 sales and analysts have been raising attention around the improving turnaround story, suggesting early traction in its core brands. Article Title
• Positive Sentiment: The company is boosting marketing spending, launching new products like upgraded Kraft Mac & Cheese and Ore-Ida Tater Tots, and signing a five-year NFL sponsorship deal, all of which could help brand visibility and sales. Article Title
• Positive Sentiment: Kraft Heinz launched a $1.1 billion debt tender offer, a move that may improve balance-sheet flexibility and support the company’s broader restructuring efforts. Article Title
• Neutral Sentiment: Management is talking more openly about inflation pressure and lower-income consumers running out of room on spending, which explains why Kraft Heinz is leaning hard into value pricing. Article Title
• Negative Sentiment: BNP Paribas Exane lowered its price target on Kraft Heinz, which could temper enthusiasm despite the recent operational improvements. Article Title

Wall Street Analysts Forecast Growth

KHC has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday. BNP Paribas Exane cut their price objective on Kraft Heinz from $18.00 to $17.00 in a research report on Thursday. BTIG Research assumed coverage on Kraft Heinz in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Piper Sandler cut their price objective on Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Evercore cut their price objective on Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz has a consensus rating of “Reduce” and an average target price of $23.06.

Kraft Heinz Stock Performance

KHC opened at $23.93 on Monday. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $29.19. The stock has a market cap of $28.37 billion, a price-to-earnings ratio of -4.92 and a beta of 0.06. The business has a 50 day moving average of $22.78 and a 200-day moving average of $23.82. The company has a quick ratio of 0.82, a current ratio of 1.20 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 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $5.89 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The firm’s revenue for the quarter 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 expect that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s payout ratio is -32.92%.

Insider Activity

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

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.