Kraft Heinz Company $KHC Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in Kraft Heinz Company (NASDAQ:KHC) by 36.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,651,507 shares of the company’s stock after buying an additional 1,762,295 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Kraft Heinz were worth $151,122,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Alyeska Investment Group L.P. bought a new stake in Kraft Heinz during the second quarter worth $1,968,000. OMERS ADMINISTRATION Corp purchased a new stake in Kraft Heinz in the 2nd quarter valued at $1,076,000. Gradient Investments LLC raised its position in Kraft Heinz by 11.8% in the 3rd quarter. Gradient Investments LLC now owns 667,877 shares of the company’s stock valued at $15,174,000 after buying an additional 70,534 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Kraft Heinz by 11.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 561,627 shares of the company’s stock valued at $13,266,000 after acquiring an additional 57,092 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its stake in Kraft Heinz by 70.2% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 994,375 shares of the company’s stock valued at $23,487,000 after acquiring an additional 410,029 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

KHC has been the topic of a number of analyst reports. BNP Paribas Exane lifted their price objective 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. Wall Street Zen lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Jefferies Financial Group reissued a “hold” rating and set a $21.00 price target on shares of Kraft Heinz in a research report on Wednesday, October 14th. Royal Bank Of Canada restated an “outperform” rating and set a $32.00 price target on shares of Kraft Heinz in a report on Thursday, September 24th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Kraft Heinz in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $23.81.

Kraft Heinz Stock Down 1.4%

Shares of NASDAQ:KHC opened at $23.50 on Thursday. The company has a market capitalization of $27.86 billion, a PE ratio of -8.22, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The business has a fifty day moving average price of $24.15 and a two-hundred day moving average price of $24.02. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $28.09.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results 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 firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Analysts forecast that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 4th. This represents a $1.60 annualized dividend and a yield of 6.8%. Kraft Heinz’s dividend payout ratio is presently -55.94%.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.

The company’s brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.