First Citizens Bank & Trust Co. Purchases New Holdings in Kraft Heinz Company $KHC

First Citizens Bank & Trust Co. acquired a new position in Kraft Heinz Company (NASDAQ:KHC) in the 1st quarter, HoldingsChannel reports. The fund acquired 740,088 shares of the company’s stock, valued at approximately $16,645,000.

Several other large investors have also modified their holdings of KHC. First Trust Advisors LP raised its holdings in shares of Kraft Heinz by 13.8% in the first quarter. First Trust Advisors LP now owns 4,642,722 shares of the company’s stock worth $104,415,000 after buying an additional 561,661 shares during the period. ABN Amro Investment Solutions boosted its holdings in Kraft Heinz by 19.9% during the 1st quarter. ABN Amro Investment Solutions now owns 94,501 shares of the company’s stock valued at $2,125,000 after acquiring an additional 15,693 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Kraft Heinz by 22.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 277,384 shares of the company’s stock valued at $6,238,000 after acquiring an additional 50,929 shares during the period. Oslo Pensjonsforsikring AS bought a new position in Kraft Heinz in the 1st quarter valued at $410,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in Kraft Heinz in the 1st quarter valued at $27,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 0.3%

Shares of NASDAQ KHC opened at $25.79 on Wednesday. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $29.19. The firm has a market cap of $30.58 billion, a PE ratio of -5.31 and a beta of 0.09. The business has a fifty day simple moving average of $24.01 and a two-hundred day simple moving average of $23.54. 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 quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.2%. Kraft Heinz’s dividend payout ratio is -32.92%.

Kraft Heinz News Summary

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

• Positive Sentiment: The Disney alliance could expand Kraft Heinz’s visibility across theme parks, cruises, media, and consumer products, creating a platform to refresh key brands and potentially boost long-term demand. Kraft Heinz and The Walt Disney Company Announce Landmark Alliance, Uniting the Iconic Companies Across Food, Media and Experiences
• Positive Sentiment: Kraft Heinz will become the exclusive supplier of several products at Disney destinations, which could support recurring product placement and stronger brand association with families. Disney partners with Kraft Heinz for theme parks, cruises, and media
• Neutral Sentiment: Analysts and commentary around the deal suggest the partnership is strategically interesting, but investors are still waiting for proof that it will improve earnings estimates or growth trends. Kraft Heinz Bets on Disney to Revive Its Brands
• Neutral Sentiment: Separate valuation-focused coverage from Zacks indicates the stock remains a debate for investors, with no clear catalyst from the article itself beyond standard value-screening discussion. 1 Stock Under $50 with Impressive Fundamentals and 2 We Avoid
• Negative Sentiment: Some market coverage says shares slipped after the announcement because the deal’s upside may already be priced in, and it may take time before the partnership shows up in financial results. Disney, Kraft Heinz Stocks Slip After Companies Announce Multi-Year Strategic Alliance

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the transaction, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. This represents a 15.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BNP Paribas Exane lifted their target price on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Jefferies Financial Group cut their price target on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Piper Sandler lifted their price objective on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, TD Cowen lowered their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $23.12.

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.