Dimensional Fund Advisors LP Purchases 311,020 Shares of Kraft Heinz Company $KHC

Dimensional Fund Advisors LP boosted its holdings in shares of Kraft Heinz Company (NASDAQ:KHCFree Report) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,043,650 shares of the company’s stock after purchasing an additional 311,020 shares during the period. Dimensional Fund Advisors LP’s holdings in Kraft Heinz were worth $209,427,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in KHC. Norges Bank bought a new position in shares of Kraft Heinz during the 2nd quarter valued at $276,159,000. Nordea Investment Management AB lifted its stake in shares of Kraft Heinz by 75.1% in the 3rd quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock valued at $351,263,000 after purchasing an additional 5,873,967 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Kraft Heinz by 14.7% in the second quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock worth $681,663,000 after purchasing an additional 3,392,470 shares in the last quarter. Marshall Wace LLP increased its position in Kraft Heinz by 1,645.9% during the second quarter. Marshall Wace LLP now owns 1,880,281 shares of the company’s stock worth $48,549,000 after buying an additional 1,772,581 shares during the last quarter. Finally, Fairfax Financial Holdings Ltd. Can increased its position in Kraft Heinz by 45.4% during the second quarter. Fairfax Financial Holdings Ltd. Can now owns 4,884,000 shares of the company’s stock worth $126,056,000 after buying an additional 1,525,000 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kraft Heinz

In related news, insider Cory Onell sold 9,045 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $24.61, for a total transaction of $222,597.45. Following the transaction, the insider directly owned 202,454 shares in the company, valued at $4,982,392.94. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Miguel Patricio sold 125,000 shares of the firm’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 completion of the sale, the insider owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This represents a 15.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 139,036 shares of company stock valued at $3,446,578. Corporate insiders own 0.35% of the company’s stock.

Kraft Heinz Trading Up 1.3%

Shares of NASDAQ:KHC opened at $24.54 on Friday. 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 stock’s 50-day moving average is $24.02 and its 200-day moving average is $24.98. The company has a market cap of $29.05 billion, a P/E ratio of -4.97 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.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate 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 firm earned $0.84 EPS. The firm’s 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. Equities research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 6.5%. Kraft Heinz’s dividend payout ratio (DPR) is presently -32.39%.

Key Stories Impacting Kraft Heinz

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

Analyst Upgrades and Downgrades

KHC has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “underweight” rating and issued a $23.00 price target on shares of Kraft Heinz in a research report on Tuesday, February 17th. Zacks Research lowered Kraft Heinz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. JPMorgan Chase & Co. downgraded Kraft Heinz from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $24.00 to $22.00 in a research note on Thursday, February 12th. Piper Sandler reduced their target price on Kraft Heinz from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Kraft Heinz from $26.00 to $23.00 and set a “hold” rating for the company in a research report 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $24.89.

View Our Latest Research Report on KHC

Kraft Heinz Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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