Swiss National Bank Lowers Position in Kraft Heinz Company $KHC

Swiss National Bank trimmed its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,558,742 shares of the company’s stock after selling 154,300 shares during the quarter. Swiss National Bank’s holdings in Kraft Heinz were worth $66,630,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its stake in Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after buying an additional 788 shares during the period. Cape Investment Advisory Inc. raised its stake in shares of Kraft Heinz by 164.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after acquiring an additional 807 shares during the period. Anfield Capital Management LLC lifted its holdings in shares of Kraft Heinz by 256.7% in the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after acquiring an additional 914 shares during the last quarter. Sentry Investment Management LLC acquired a new position in shares of Kraft Heinz in the 3rd quarter worth approximately $38,000. Finally, Albion Financial Group UT purchased a new position in shares of Kraft Heinz during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KHC. Barclays lifted their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. BNP Paribas Exane lowered their price target on Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating for the company in a research report on Thursday, February 12th. Evercore dropped their price objective on Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. Jefferies Financial Group cut their price objective on Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Finally, Sanford C. Bernstein increased their target price on Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and an average target price of $24.89.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $24.61, for a total value of $222,597.45. Following the sale, the insider owned 202,454 shares of the company’s stock, valued at $4,982,392.94. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the transaction, the insider owned 686,817 shares of the company’s stock, valued at $17,046,797.94. The trade was a 15.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 139,036 shares of company stock valued at $3,446,578 over the last three months. 0.35% of the stock is currently owned by insiders.

Kraft Heinz Price Performance

Shares of KHC opened at $23.14 on Thursday. The company has a market cap of $27.39 billion, a P/E ratio of -4.68 and a beta of 0.06. Kraft Heinz Company has a fifty-two week low of $21.99 and a fifty-two week high of $31.15. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average price is $23.98 and its 200 day moving average price is $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 the consensus estimate of $0.61 by $0.06. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, research analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 6.9%. Kraft Heinz’s dividend payout ratio (DPR) is -32.39%.

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.