PNC Financial Services Group Inc. Raises Stake in Kraft Heinz Company $KHC

PNC Financial Services Group Inc. increased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 22.5% during the 1st quarter, HoldingsChannel reports. The fund owned 277,384 shares of the company’s stock after buying an additional 50,929 shares during the period. PNC Financial Services Group Inc.’s holdings in Kraft Heinz were worth $6,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jessup Wealth Management Inc bought a new stake in Kraft Heinz in the fourth quarter worth $27,000. Reflection Asset Management bought a new position in shares of Kraft Heinz during the fourth quarter valued at $28,000. DV Equities LLC purchased a new position in shares of Kraft Heinz in the 4th quarter worth about $29,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Kraft Heinz in the 1st quarter worth about $27,000. Finally, Key Capital Management INC bought a new position in Kraft Heinz in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

More Kraft Heinz News

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

• Positive Sentiment: Kraft Heinz announced a strategic alliance with Walt Disney spanning food service, media, events, and branded experiences, which could open new revenue and marketing opportunities and improve the company’s turnaround story. Article Title
• Positive Sentiment: Traders bought 74,729 call options on KHC, far above normal volume, suggesting rising speculation on further upside in the shares.
• Positive Sentiment: Coverage highlighting Kraft Heinz as an ideal LBO/take-private target may be supporting the stock by keeping deal speculation alive, especially given its beaten-down valuation profile. Article Title
• Neutral Sentiment: Analyst commentary on consumer staples names, including KHC, suggests the stock remains a debated value play rather than a clear consensus winner. Article Title
• Negative Sentiment: Recent market coverage noted that KHC had fallen in the prior session, reflecting ongoing investor caution around the company’s fundamentals and the broader consumer-staples backdrop. Article Title

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a research report on Thursday, April 23rd. Piper Sandler lifted their target price on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. UBS Group upped their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. BNP Paribas Exane increased their price target 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, Deutsche Bank Aktiengesellschaft raised their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $23.19.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $25.67 on Monday. 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 one year low of $21.03 and a one year high of $29.19. The stock has a market capitalization of $30.44 billion, a PE ratio of -5.28 and a beta of 0.09. The business’s fifty day moving average is $24.16 and its 200 day moving average is $23.57.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. During the same period last year, the company earned $0.62 EPS. Kraft Heinz’s revenue for the quarter was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, sell-side analysts predict that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.2%. Kraft Heinz’s payout ratio is currently -32.92%.

Insider Buying and Selling at Kraft Heinz

In other news, insider Diana Frost sold 18,502 shares of the business’s 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 transaction, the insider directly owned 102,667 shares of the company’s stock, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is owned by insiders.

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.