North Dakota State Investment Board Acquires New Shares in Kraft Heinz Company $KHC

North Dakota State Investment Board acquired a new stake in Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,282 shares of the company’s stock, valued at approximately $710,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Savoir Faire Capital Management L.P. purchased a new position in Kraft Heinz in the third quarter valued at about $12,923,000. Schroder Investment Management Group grew its stake in Kraft Heinz by 2.4% in the third quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock valued at $84,994,000 after purchasing an additional 77,045 shares during the last quarter. Vanguard Group Inc. grew its stake in Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after purchasing an additional 616,283 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Kraft Heinz by 37.4% in the third quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock valued at $51,717,000 after purchasing an additional 540,532 shares during the last quarter. Finally, ABN AMRO Bank N.V. grew its stake in Kraft Heinz by 5,045.7% in the third quarter. ABN AMRO Bank N.V. now owns 411,652 shares of the company’s stock valued at $10,634,000 after purchasing an additional 403,652 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $24.61, for a total value of $222,597.45. Following the completion of the transaction, the insider directly owned 202,454 shares of the company’s stock, valued at approximately $4,982,392.94. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

KHC has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research note on Tuesday, April 21st. Piper Sandler dropped their price target on Kraft Heinz from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. BNP Paribas Exane dropped their price target on Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. Evercore dropped their price target on Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. Finally, Mizuho dropped their price target on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $23.06.

Trending Headlines about Kraft Heinz

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Kraft Heinz advanced its balance-sheet management by launching new euro notes and moving ahead with a cash tender offer for up to $1.1 billion of outstanding notes, which could help lower financing costs and extend debt maturity. Kraft Heinz Launches New Euro Notes, Refinances Debt
• Positive Sentiment: The company said it received strong early tender participation and satisfied the financing condition for the buyback, signaling solid demand and a smooth path to completing the transaction. Kraft Heinz Announces Early Tender Participation Results, Satisfaction of the Financing Condition, and Election of Early Settlement
• Positive Sentiment: Kraft Heinz also launched new and reformulated products, including Jell-O without artificial dyes and a lactose-free Kraft Natural Cheese line, which may help revive sales by appealing to health-conscious consumers and new dietary trends. Kraft Heinz launches Jell-O line without artificial dyes
• Neutral Sentiment: Market commentary noted the stock has recently been mixed, with some short-term gains but continued underperformance over longer periods, keeping sentiment cautious even as the shares have edged higher. Kraft Heinz Co. stock rises Wednesday, still underperforms market

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $23.54 on Friday. The business’s 50 day moving average price is $22.59 and its 200 day moving average price is $23.69. The firm has a market cap of $27.91 billion, a P/E ratio of -4.84 and a beta of 0.06. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $29.19. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.Kraft Heinz’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, sell-side analysts expect that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.8%. Kraft Heinz’s payout ratio is presently -32.92%.

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.