Norges Bank Invests $332.38 Million in Kraft Heinz Company $KHC

Norges Bank bought a new position in Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,706,471 shares of the company’s stock, valued at approximately $332,382,000.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC raised its holdings in Kraft Heinz by 3.2% in the 4th quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company’s stock worth $361,000 after purchasing an additional 458 shares during the period. Hantz Financial Services Inc. raised its holdings in Kraft Heinz by 13.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock worth $101,000 after purchasing an additional 460 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in Kraft Heinz by 1.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company’s stock worth $718,000 after purchasing an additional 490 shares during the period. New England Capital Financial Advisors LLC raised its holdings in Kraft Heinz by 70.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after purchasing an additional 511 shares during the period. Finally, Personal CFO Solutions LLC raised its holdings in Kraft Heinz by 4.4% in the 4th quarter. Personal CFO Solutions LLC now owns 13,237 shares of the company’s stock worth $321,000 after purchasing an additional 561 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $23.63 on Tuesday. The business has a 50 day simple moving average of $22.80 and a two-hundred day simple moving average of $23.68. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The stock has a market capitalization of $28.02 billion, a P/E ratio of -4.86 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 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 firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.89 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts predict that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.

Analyst Ratings Changes

KHC has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. The Goldman Sachs Group set a $23.00 price target on Kraft Heinz in a report on Thursday, February 12th. Mizuho reduced their price target on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Jefferies Financial Group reduced their price target on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, March 30th. Finally, Zacks Research raised Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $23.06.

Kraft Heinz 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.