Korea Investment CORP Has $10.48 Million Holdings in Kraft Heinz Company $KHC

Korea Investment CORP increased its holdings in Kraft Heinz Company (NASDAQ:KHC) by 113.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,396 shares of the company’s stock after buying an additional 213,742 shares during the period. Korea Investment CORP’s holdings in Kraft Heinz were worth $10,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in KHC. Rakuten Securities Inc. grew its position in Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after buying an additional 788 shares in the last quarter. Cape Investment Advisory Inc. raised its holdings in Kraft Heinz by 164.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after acquiring an additional 807 shares in the last quarter. Anfield Capital Management LLC lifted its position in shares of Kraft Heinz by 256.7% during the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock valued at $33,000 after acquiring an additional 914 shares during the period. Sentry Investment Management LLC bought a new stake in shares of Kraft Heinz during the 3rd quarter valued at $38,000. Finally, Albion Financial Group UT acquired a new stake in shares of Kraft Heinz during the 3rd quarter worth $43,000. 78.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KHC. Barclays boosted their price target on Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. BNP Paribas Exane reduced their price objective on shares of Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating on the stock in a research note on Thursday, February 12th. JPMorgan Chase & Co. cut shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $24.00 to $22.00 in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a report on Thursday, January 22nd. Finally, Mizuho reduced their price target on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, Kraft Heinz has a consensus rating of “Reduce” and a consensus target price of $24.89.

Insider Buying and Selling

In other Kraft Heinz news, insider Cory Onell sold 9,045 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $24.61, for a total transaction of $222,597.45. Following the sale, the insider owned 202,454 shares of the company’s stock, valued at approximately $4,982,392.94. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Miguel Patricio sold 125,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the transaction, the insider owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This trade represents a 15.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 139,036 shares of company stock valued at $3,446,578. 0.35% of the stock is owned by corporate insiders.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $23.14 on Thursday. The stock’s 50-day simple moving average is $23.98 and its 200 day simple moving average is $24.90. The firm has a market capitalization of $27.39 billion, a PE ratio of -4.68 and a beta of 0.06. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a twelve month low of $21.99 and a twelve month high of $31.15.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Friday, March 6th. Kraft Heinz’s dividend payout ratio is currently -32.39%.

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.