BlackRock Discloses Passive Stake in Kraft Heinz Co.

TL;DR

**BlackRock just confirmed a big, passive stake in Kraft Heinz.**

AI Summary

BlackRock Inc., a massive investment firm, reported on January 26, 2024, that it holds a significant stake in Kraft Heinz Co. as of December 31, 2023. This filing, an SC 13G, indicates that BlackRock is a passive investor, meaning they don't intend to influence Kraft Heinz's management or business decisions. For Kraft Heinz shareholders, this means a major institutional investor sees value in the company, providing a vote of confidence, but also that a large block of shares is held by an entity that isn't actively pushing for changes.

Why It Matters

This filing shows that a major institutional investor, BlackRock, has a significant, but passive, ownership in Kraft Heinz, which can be seen as a sign of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally doesn't pose a direct risk to the company or its shareholders.

Analyst Insight

A smart investor would view BlackRock's passive stake as a neutral signal, confirming institutional interest but not indicating any immediate catalysts for change. It's a good reminder to research Kraft Heinz's fundamentals rather than relying on this filing for trading decisions.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• Kraft Heinz Co. (company) — the subject company in which shares are held
• December 31, 2023 (date) — the date of the event requiring the filing
• January 26, 2024 (date) — the filing date of the SC 13G

Forward-Looking Statements

• BlackRock will maintain its passive investment stance in Kraft Heinz Co. for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-12-31
• Kraft Heinz Co.'s stock price will not experience significant volatility directly due to this passive filing. (Kraft Heinz Co.) — high confidence, target: 2024-03-31

FAQ

From the Filing

0001086364-24-004668.txt : 20240126 0001086364-24-004668.hdr.sgml : 20240126 20240126162346 ACCESSION NUMBER: 0001086364-24-004668 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Kraft Heinz Co CENTRAL INDEX KEY: 0001637459 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES [2030] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 462078182 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-89396 FILM NUMBER: 24568187 BUSINESS ADDRESS: STREET 1: ONE PPG PLACE CITY: PITTSBURGH STATE: PA ZIP: 15222 BUSINESS PHONE: 412-456-5700 MAIL ADDRESS: STREET 1: ONE PPG PLACE CITY: PITTSBURGH STATE: PA ZIP: 15222 FORMER COMPANY: FORMER CONFORMED NAME: H.J. Heinz Holding Corp DATE OF NAME CHANGE: 20150323 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us5007541064_012624.txt us5007541064_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) Kraft Heinz Co -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 500754106 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 500754106 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 83527544 (6) Shared voting power 0 (7) Sole dispositive power 90645567 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 90645567 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Kraft Heinz Co Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- ONE PPG PLACE PITTSBURGH PA 15222 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or princi