BlackRock Inc. acquired 76.37 million shares of Kraft Heinz.
The transaction was disclosed in a filing on August 20, 2026.
The investment is valued at approximately $1.8 billion.
BlackRock now holds a 6.44% stake in the food and beverage company.
Zacks Research lowered its Q3 2026 earnings estimate for the firm.
The forecast dropped from $0.47 to $0.43 per share.
Analysts cited concerns regarding near-term earnings momentum.
The consensus rating for the stock remains at Reduce.