Korea Investment CORP Invests $2.05 Million in Kraft Heinz Company $KHC

Korea Investment CORP bought a new position in shares of Kraft Heinz Company (NASDAQ:KHC) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 86,980 shares of the company’s stock, valued at approximately $2,054,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Kraft Heinz by 0.6% during the 4th 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. Swiss Life Asset Management Ltd grew its stake in Kraft Heinz by 148.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after buying an additional 1,295,688 shares during the last quarter. Westhampton Capital LLC acquired a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $1,222,000. Swedbank AB increased its holdings in shares of Kraft Heinz by 10.2% during the fourth quarter. Swedbank AB now owns 1,359,161 shares of the company’s stock worth $32,960,000 after buying an additional 125,307 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its stake in shares of Kraft Heinz by 68.7% in the fourth quarter. AustralianSuper Pty Ltd now owns 2,052,635 shares of the company’s stock valued at $49,776,000 after acquiring an additional 835,554 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by insiders.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $25.67 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $25.03 and a 200 day simple moving average of $23.90. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $28.09. The firm has a market cap of $30.44 billion, a P/E ratio of -8.98 and a beta of 0.08.

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

Kraft Heinz Announces Dividend

The company 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 $0.40 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 6.2%. Kraft Heinz’s dividend payout ratio (DPR) is currently -55.94%.

Analysts Set New Price Targets

KHC has been the topic of several recent analyst reports. Weiss Ratings downgraded Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Evercore set a $24.00 price target on Kraft Heinz in a report on Thursday, August 6th. Piper Sandler lifted their price objective on Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Wall Street Zen lowered Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, JPMorgan Chase & Co. increased their target price on Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Kraft Heinz currently has an average rating of “Reduce” and an average target price of $23.62.

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.