E Fund Management Co. Ltd. Invests $1.05 Million in Kraft Heinz Company $KHC

E Fund Management Co. Ltd. bought a new stake in Kraft Heinz Company (NASDAQ:KHC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,612 shares of the company’s stock, valued at approximately $1,054,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KHC. Vanguard Group Inc. raised its position in Kraft Heinz by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after purchasing an additional 616,283 shares during the last quarter. BlackRock Inc. bought a new position in Kraft Heinz in the 2nd quarter valued at $1,803,911,000. Invesco Ltd. boosted its position in Kraft Heinz by 10.5% in the 4th quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock valued at $478,347,000 after buying an additional 1,870,310 shares during the last quarter. Auto Owners Insurance Co increased its stake in shares of Kraft Heinz by 3,034.1% in the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock valued at $39,957,000 after buying an additional 15,951,271 shares during the period. Finally, Norges Bank acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at $332,382,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Up 3.5%

Kraft Heinz stock opened at $25.68 on Thursday. 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 company’s 50-day moving average is $24.94 and its 200-day moving average is $23.86. The firm has a market capitalization of $30.45 billion, a PE ratio of -8.98 and a beta of 0.08. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $28.10.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Sell-side analysts anticipate 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 will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. Kraft Heinz’s payout ratio is -55.94%.

Insider Activity

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 stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the transaction, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. This represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on KHC. Wall Street Zen lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, May 7th. UBS Group increased their target price on Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Barclays boosted their target price on Kraft Heinz from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Finally, 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 research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $23.62.

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.