Swedbank AB Has $36.67 Million Position in Kraft Heinz Company $KHC

Swedbank AB grew its position in Kraft Heinz Company (NASDAQ:KHC) by 20.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,630,470 shares of the company’s stock after acquiring an additional 271,309 shares during the period. Swedbank AB’s holdings in Kraft Heinz were worth $36,669,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cohen Investment Advisors LLC grew its holdings in Kraft Heinz by 4.6% during the first quarter. Cohen Investment Advisors LLC now owns 13,522 shares of the company’s stock worth $304,000 after purchasing an additional 592 shares during the period. Integrated Advisors Network LLC raised its stake in Kraft Heinz by 40.0% in the first quarter. Integrated Advisors Network LLC now owns 21,879 shares of the company’s stock valued at $492,000 after buying an additional 6,256 shares during the period. Unison Advisors LLC raised its stake in Kraft Heinz by 1.7% in the first quarter. Unison Advisors LLC now owns 104,216 shares of the company’s stock valued at $2,344,000 after buying an additional 1,751 shares during the period. Abel Hall LLC lifted its position in shares of Kraft Heinz by 198.1% in the first quarter. Abel Hall LLC now owns 30,899 shares of the company’s stock valued at $695,000 after buying an additional 20,534 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in shares of Kraft Heinz in the first quarter valued at approximately $64,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $24.92 on Thursday. The company has a market capitalization of $29.55 billion, a price-to-earnings ratio of -5.13 and a beta of 0.09. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The stock’s 50 day moving average is $23.58 and its 200-day moving average is $23.46.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.89 billion. During the same period in the previous year, the company posted $0.62 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities research analysts expect that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s payout ratio is presently -32.92%.

Analyst Ratings Changes

A number of research analysts recently weighed in on KHC shares. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a report on Tuesday, April 21st. Sanford C. Bernstein downgraded Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their price target for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. UBS Group lifted their price objective on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wells Fargo & Company upped their price objective on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Piper Sandler increased their price objective on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Kraft Heinz currently has an average rating of “Reduce” and a consensus price target of $23.00.

Insider Activity

In related news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.