Kraft Heinz Company $KHC Shares Sold by Swiss National Bank

Swiss National Bank trimmed its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 5.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,558,742 shares of the company’s stock after selling 154,300 shares during the period. Swiss National Bank owned 0.22% of Kraft Heinz worth $66,630,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Kraft Heinz by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 102,435,702 shares of the company’s stock valued at $2,644,890,000 after buying an additional 454,868 shares in the last quarter. State Street Corp increased its stake in Kraft Heinz by 1.0% during the 2nd quarter. State Street Corp now owns 46,376,394 shares of the company’s stock worth $1,197,438,000 after buying an additional 462,963 shares in the last quarter. Geode Capital Management LLC increased its stake in Kraft Heinz by 14.7% during the 2nd quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock worth $681,663,000 after buying an additional 3,392,470 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Kraft Heinz by 7.1% during the second quarter. Invesco Ltd. now owns 17,584,674 shares of the company’s stock valued at $454,036,000 after acquiring an additional 1,171,262 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Kraft Heinz by 75.1% in the third quarter. Nordea Investment Management AB now owns 13,694,483 shares of the company’s stock valued at $351,263,000 after acquiring an additional 5,873,967 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Activity

In other news, insider Miguel Patricio sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the completion of the sale, the insider owned 686,817 shares in the company, valued at $17,046,797.94. This trade represents a 15.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cory Onell sold 9,045 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $24.61, for a total value of $222,597.45. Following the completion of the transaction, the insider owned 202,454 shares in the company, valued at $4,982,392.94. This represents a 4.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 139,036 shares of company stock worth $3,446,578 over the last quarter. 0.35% of the stock is currently owned by company insiders.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $23.14 on Thursday. Kraft Heinz Company has a one year low of $21.99 and a one year high of $31.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15. The stock has a market cap of $27.39 billion, a PE ratio of -4.68 and a beta of 0.06. The stock has a 50 day moving average price of $23.98 and a 200 day moving average price of $24.90.

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

Kraft Heinz Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KHC. Barclays lifted their price target on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Zacks Research lowered Kraft Heinz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Mizuho lowered their target price on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Evercore dropped their target price on shares of Kraft Heinz from $25.00 to $22.00 in a report on Thursday, February 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $24.89.

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.