Manning & Napier Advisors LLC Makes New Investment in Kraft Heinz Company $KHC

Manning & Napier Advisors LLC bought a new position in Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 146,057 shares of the company’s stock, valued at approximately $3,533,000.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Kraft Heinz by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after acquiring an additional 616,283 shares during the last quarter. BlackRock Inc. bought a new stake in Kraft Heinz in the second quarter worth $1,803,911,000. Invesco Ltd. boosted its stake in Kraft Heinz by 10.5% during the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock worth $478,347,000 after buying an additional 1,870,310 shares during the period. Auto Owners Insurance Co increased its position in Kraft Heinz by 3,034.1% during the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock valued at $39,957,000 after acquiring an additional 15,951,271 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at $332,382,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $25.67 on Tuesday. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $28.09. The stock’s fifty day moving average price is $25.03 and its 200-day moving average price is $23.90. The firm has a market cap of $30.44 billion, a P/E ratio of -8.98 and a beta of 0.08. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data 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 company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. Kraft Heinz’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, equities research analysts expect that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s payout ratio is presently -55.94%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KHC. Wall Street Zen downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. TD Cowen increased their target price on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Weiss Ratings downgraded Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. BNP Paribas Exane upped their price target on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, June 30th. Finally, Piper Sandler raised their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kraft Heinz has an average rating of “Reduce” and an average target price of $23.62.

Insider Buying and Selling at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the sale, the insider owned 102,667 shares of the company’s stock, 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 is available through this link. 0.24% of the stock is owned by company insiders.

Kraft Heinz Company 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.