561,627 Shares in Kraft Heinz Company $KHC Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in Kraft Heinz Company (NASDAQ:KHC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 561,627 shares of the company’s stock, valued at approximately $13,266,000.

A number of other large investors have also added to or reduced their stakes in the business. Jessup Wealth Management Inc bought a new position in shares of Kraft Heinz in the fourth quarter valued at about $27,000. Reflection Asset Management bought a new position in Kraft Heinz in the 4th quarter valued at about $28,000. DV Equities LLC acquired a new stake in Kraft Heinz during the fourth quarter worth approximately $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Kraft Heinz in the first quarter valued at approximately $27,000. Finally, New England Capital Financial Advisors LLC increased its stake in shares of Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after purchasing an additional 511 shares during the period. Institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the topic of a number of research 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 report on Thursday, May 7th. UBS Group raised their price target on shares of Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Evercore set a $24.00 price objective on shares of Kraft Heinz in a research note on Thursday, August 6th. BNP Paribas Exane boosted their price objective on shares of Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings lowered shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $23.62.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $25.70 on Friday. The firm has a 50 day moving average of $25.19 and a 200-day moving average of $23.93. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $28.09. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $30.48 billion, a PE ratio of -8.99 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the firm posted $0.69 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, equities research analysts predict that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.2%. Kraft Heinz’s payout ratio is -55.94%.

Insider Buying and Selling at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.

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.