California State Teachers Retirement System Has $29.47 Million Holdings in Kraft Heinz Company $KHC

California State Teachers Retirement System cut its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 1.9% in the first quarter, Holdings Channel reports. The firm owned 1,310,371 shares of the company’s stock after selling 25,354 shares during the period. California State Teachers Retirement System’s holdings in Kraft Heinz were worth $29,470,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in KHC. Auto Owners Insurance Co increased its holdings in Kraft Heinz by 3,034.1% in the fourth quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after buying an additional 15,951,271 shares during the last quarter. Norges Bank acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $332,382,000. Barclays PLC lifted its stake in Kraft Heinz by 77.8% in the fourth quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock valued at $217,599,000 after acquiring an additional 3,926,141 shares during the last quarter. California Public Employees Retirement System grew its position in Kraft Heinz by 94.8% in the first quarter. California Public Employees Retirement System now owns 4,347,594 shares of the company’s stock worth $97,777,000 after acquiring an additional 2,116,175 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Kraft Heinz by 226.3% during the 1st quarter. KBC Group NV now owns 2,990,755 shares of the company’s stock worth $67,262,000 after purchasing an additional 2,074,270 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kraft Heinz

In other Kraft Heinz 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 transaction of $426,471.10. Following the completion of the sale, the insider directly owned 102,667 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is owned by company insiders.

Kraft Heinz Trading Down 2.0%

NASDAQ:KHC opened at $25.85 on Friday. The company’s 50 day moving average is $24.48 and its 200-day moving average is $23.69. The company has a quick ratio of 0.82, a current ratio of 1.20 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 $28.10. The firm has a market cap of $30.65 billion, a price-to-earnings ratio of -5.32 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. 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 prior year, the firm earned $0.62 EPS. Kraft Heinz’s quarterly revenue was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Equities analysts anticipate that Kraft Heinz Company will post 2.07 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 6.2%. Kraft Heinz’s payout ratio is currently -32.92%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KHC. Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a report on Thursday, April 23rd. UBS Group increased their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a report on Friday, July 17th. Finally, Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $23.19.

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.