Rakuten Investment Management Inc. Increases Holdings in Kraft Heinz Company $KHC

Rakuten Investment Management Inc. lifted its holdings in Kraft Heinz Company (NASDAQ:KHC) by 16.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 231,646 shares of the company’s stock after acquiring an additional 33,452 shares during the period. Rakuten Investment Management Inc.’s holdings in Kraft Heinz were worth $5,604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Glenview Trust Co bought a new position in Kraft Heinz in the 2nd quarter worth approximately $451,000. Empowered Funds LLC grew its holdings in Kraft Heinz by 42.0% during the 2nd quarter. Empowered Funds LLC now owns 72,940 shares of the company’s stock valued at $1,723,000 after buying an additional 21,558 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH raised its position in shares of Kraft Heinz by 25.3% during the second quarter. MASTERINVEST Kapitalanlage GmbH now owns 84,321 shares of the company’s stock valued at $1,992,000 after buying an additional 17,000 shares during the last quarter. Redwood Investment Management LLC lifted its holdings in shares of Kraft Heinz by 7.1% in the second quarter. Redwood Investment Management LLC now owns 34,327 shares of the company’s stock worth $811,000 after buying an additional 2,283 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Kraft Heinz during the second quarter worth $213,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Up 2.3%

Shares of NASDAQ:KHC opened at $25.70 on Friday. The company has a market cap of $30.48 billion, a price-to-earnings ratio of -8.99 and a beta of 0.08. 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 company has a 50-day moving average price of $25.19 and a 200 day moving average price of $23.93.

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

Kraft Heinz Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KHC. Wall Street Zen downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. TD Cowen boosted their target price on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. BNP Paribas Exane increased their price target on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, June 30th. Barclays raised their price target on Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, UBS Group lifted their price objective on Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $23.62.

Insiders Place Their Bets

In related news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value 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 trade represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.

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.