AustralianSuper Pty Ltd Buys 835,554 Shares of Kraft Heinz Company $KHC

AustralianSuper Pty Ltd boosted its stake in Kraft Heinz Company (NASDAQ:KHC) by 68.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,052,635 shares of the company’s stock after purchasing an additional 835,554 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Kraft Heinz were worth $49,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC raised its position in shares of Kraft Heinz by 2,264.5% during the 4th quarter. SG Americas Securities LLC now owns 1,458,451 shares of the company’s stock valued at $35,367,000 after buying an additional 1,396,770 shares in the last quarter. Ameriprise Financial Inc. grew its position in Kraft Heinz by 112.2% in the third quarter. Ameriprise Financial Inc. now owns 2,491,597 shares of the company’s stock worth $64,872,000 after acquiring an additional 1,317,201 shares in the last quarter. Swiss Life Asset Management Ltd increased its stake in Kraft Heinz by 148.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock valued at $52,595,000 after acquiring an additional 1,295,688 shares during the last quarter. Victory Capital Management Inc. increased its stake in Kraft Heinz by 77.5% in the third quarter. Victory Capital Management Inc. now owns 2,826,152 shares of the company’s stock valued at $73,593,000 after acquiring an additional 1,234,078 shares during the last quarter. Finally, Compass Rose Asset Management LP purchased a new stake in Kraft Heinz during the third quarter valued at about $23,436,000. 78.17% of the stock is currently owned by institutional investors.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were 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 approximately $4,806,249.42. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. BTIG Research assumed coverage on Kraft Heinz in a report on Monday, April 13th. They set a “neutral” rating on the stock. Evercore dropped their target price on Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. Morgan Stanley set a $22.00 target price on Kraft Heinz in a research note on Thursday, April 23rd. Finally, Piper Sandler reduced their price target on shares of Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $23.06.

Kraft Heinz Trading Up 0.6%

NASDAQ KHC opened at $23.31 on Friday. The firm has a market cap of $27.64 billion, a PE ratio of -4.80 and a beta of 0.06. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.19. The stock has a 50-day moving average of $22.67 and a 200-day moving average of $23.75. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 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 analysts’ expectations 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 quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, sell-side analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is -32.92%.

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.