Principal Financial Group Inc. Has $22.88 Million Stock Position in Kraft Heinz Company $KHC

Principal Financial Group Inc. boosted its holdings in Kraft Heinz Company (NASDAQ:KHC) by 3.5% in the first quarter, HoldingsChannel reports. The firm owned 1,017,133 shares of the company’s stock after purchasing an additional 34,125 shares during the period. Principal Financial Group Inc.’s holdings in Kraft Heinz were worth $22,875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Jessup Wealth Management Inc bought a new stake in shares of Kraft Heinz in the 4th quarter valued at $27,000. Reflection Asset Management bought a new position in Kraft Heinz during the fourth quarter worth $28,000. Key Capital Management INC bought a new position in Kraft Heinz during the fourth quarter worth $29,000. DV Equities LLC acquired a new stake in Kraft Heinz in the fourth quarter worth $29,000. Finally, New England Capital Financial Advisors LLC raised its holdings in shares of Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock valued at $30,000 after purchasing an additional 511 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Trending Headlines about Kraft Heinz

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: The Disney alliance could expand Kraft Heinz’s visibility across theme parks, cruises, media, and consumer products, creating a platform to refresh key brands and potentially boost long-term demand. Kraft Heinz and The Walt Disney Company Announce Landmark Alliance, Uniting the Iconic Companies Across Food, Media and Experiences
• Positive Sentiment: Kraft Heinz will become the exclusive supplier of several products at Disney destinations, which could support recurring product placement and stronger brand association with families. Disney partners with Kraft Heinz for theme parks, cruises, and media
• Neutral Sentiment: Analysts and commentary around the deal suggest the partnership is strategically interesting, but investors are still waiting for proof that it will improve earnings estimates or growth trends. Kraft Heinz Bets on Disney to Revive Its Brands
• Neutral Sentiment: Separate valuation-focused coverage from Zacks indicates the stock remains a debate for investors, with no clear catalyst from the article itself beyond standard value-screening discussion. 1 Stock Under $50 with Impressive Fundamentals and 2 We Avoid
• Negative Sentiment: Some market coverage says shares slipped after the announcement because the deal’s upside may already be priced in, and it may take time before the partnership shows up in financial results. Disney, Kraft Heinz Stocks Slip After Companies Announce Multi-Year Strategic Alliance

Wall Street Analyst Weigh In

Several analysts have recently commented on KHC shares. UBS Group raised their target price on Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. BNP Paribas Exane raised their price objective on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, June 30th. TD Cowen decreased their price objective on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. Wells Fargo & Company upped their target price on Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $23.12.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $25.79 on Wednesday. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $29.19. The stock has a market cap of $30.58 billion, a price-to-earnings ratio of -5.31 and a beta of 0.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The firm’s 50-day simple moving average is $24.01 and its 200 day simple moving average is $23.54.

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

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors 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 annualized dividend and a dividend yield of 6.2%. Kraft Heinz’s payout ratio is presently -32.92%.

Insider Transactions at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the stock in a transaction on 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 sale, the insider directly owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

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.