Sumitomo Mitsui Trust Group Inc. Has $57.60 Million Stock Holdings in Kraft Heinz Company $KHC

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Kraft Heinz Company (NASDAQ:KHC) by 5.4% during the 1st quarter, HoldingsChannel reports. The firm owned 2,561,056 shares of the company’s stock after selling 145,197 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Kraft Heinz were worth $57,598,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Resona Asset Management Co. Ltd. grew its position in Kraft Heinz by 0.5% in the first quarter. Resona Asset Management Co. Ltd. now owns 267,030 shares of the company’s stock valued at $5,998,000 after acquiring an additional 1,323 shares during the last quarter. Personal CFO Solutions LLC raised its stake in Kraft Heinz by 186.3% during the first quarter. Personal CFO Solutions LLC now owns 37,898 shares of the company’s stock worth $852,000 after acquiring an additional 24,661 shares in the last quarter. Saxon Interests Inc. bought a new position in shares of Kraft Heinz in the first quarter worth about $950,000. Bank of Stockton acquired a new stake in shares of Kraft Heinz in the 1st quarter valued at approximately $443,000. Finally, Swedbank AB boosted its stake in shares of Kraft Heinz by 20.0% in the 1st quarter. Swedbank AB now owns 1,630,470 shares of the company’s stock valued at $36,669,000 after purchasing an additional 271,309 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Buying and Selling

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, the insider owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KHC shares. TD Cowen lowered their price objective on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. Jefferies Financial Group cut their target price on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. 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. Finally, Zacks Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Kraft Heinz currently has an average rating of “Reduce” and a consensus target price of $23.00.

Kraft Heinz Trading Up 0.7%

Shares of Kraft Heinz stock traded up $0.17 during trading on Friday, hitting $24.85. The company’s stock had a trading volume of 6,687,788 shares, compared to its average volume of 12,475,881. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. Kraft Heinz Company has a 52 week low of $21.03 and a 52 week high of $29.19. The stock has a market cap of $29.47 billion, a price-to-earnings ratio of -5.11 and a beta of 0.09. The stock has a 50-day moving average price of $23.67 and a two-hundred day moving average price of $23.47.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts anticipate that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s payout ratio is currently -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.