Korea Investment CORP Has $10.48 Million Stock Holdings in Kraft Heinz Company $KHC

Korea Investment CORP lifted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 113.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 402,396 shares of the company’s stock after purchasing an additional 213,742 shares during the period. Korea Investment CORP’s holdings in Kraft Heinz were worth $10,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. boosted its position in Kraft Heinz by 997.7% during the 3rd quarter. Ameriflex Group Inc. now owns 2,920 shares of the company’s stock worth $76,000 after buying an additional 2,654 shares during the period. First Trust Advisors LP increased its position in Kraft Heinz by 5.6% in the 3rd quarter. First Trust Advisors LP now owns 6,073,487 shares of the company’s stock valued at $158,154,000 after acquiring an additional 323,762 shares during the period. HUB Investment Partners LLC raised its stake in shares of Kraft Heinz by 24.5% during the third quarter. HUB Investment Partners LLC now owns 9,997 shares of the company’s stock valued at $260,000 after acquiring an additional 1,967 shares during the last quarter. Foresight Global Investors Inc. acquired a new position in shares of Kraft Heinz during the third quarter worth $235,000. Finally, Pitcairn Co. acquired a new position in shares of Kraft Heinz during the third quarter worth $333,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $23.14 on Thursday. The company has a market capitalization of $27.39 billion, a PE ratio of -4.68 and a beta of 0.06. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a twelve month low of $21.99 and a twelve month high of $31.15. The firm has a fifty day simple moving average of $23.98 and a 200 day simple moving average of $24.90.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, beating 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 business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The business’s quarterly 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. On average, sell-side analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 6.9%. Kraft Heinz’s dividend payout ratio is presently -32.39%.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the transaction, the insider directly owned 686,817 shares in the company, valued at approximately $17,046,797.94. This represents a 15.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cory Onell sold 4,991 shares of the 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 transaction, the insider owned 197,463 shares in the company, valued at $4,806,249.42. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 139,036 shares of company stock valued at $3,446,578 in the last ninety days. 0.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KHC. Piper Sandler decreased their price objective on Kraft Heinz from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Mizuho cut their target price on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Morgan Stanley reissued an “underweight” rating and issued a $23.00 price target on shares of Kraft Heinz in a research note on Tuesday, February 17th. The Goldman Sachs Group set a $23.00 price objective on Kraft Heinz in a research report on Thursday, February 12th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Kraft Heinz in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, Kraft Heinz has an average rating of “Reduce” and an average price target of $24.89.

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.