Nykredit A S Acquires New Holdings in Kraft Heinz Company $KHC

Nykredit A S bought a new position in Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 7,680,255 shares of the company’s stock, valued at approximately $181,408,000.

Other large investors have also added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new stake in Kraft Heinz during the 1st quarter valued at $27,000. Jessup Wealth Management Inc purchased a new position in shares of Kraft Heinz in the 4th quarter worth $27,000. Reflection Asset Management purchased a new position in shares of Kraft Heinz in the 4th quarter worth $28,000. Hara Capital LLC bought a new stake in shares of Kraft Heinz in the second quarter worth $29,000. Finally, DV Equities LLC bought a new stake in shares of Kraft Heinz in the fourth quarter worth $29,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $26.26 on Thursday. The stock has a market cap of $31.14 billion, a P/E ratio of -9.18, a P/E/G ratio of 3.14 and a beta of 0.09. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06. The stock’s fifty day moving average is $25.40 and its 200 day moving average is $23.95. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.09.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.1%. Kraft Heinz’s payout ratio is -55.94%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. TD Cowen upped their price objective on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Wells Fargo & Company raised their target price on Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. upped their price target on shares of Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. Barclays increased their price objective on shares of Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Piper Sandler raised their price objective on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $23.33.

Insider Transactions at Kraft Heinz

In related 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 value of $426,471.10. Following the completion of the sale, the insider directly 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

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.