The Kraft Heinz Company bonds KHC
Who owns The Kraft Heinz Company's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. KHC stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 50077LBC9 | 3.875% fixed | 2027-05-15 | USD | 99.50 | 4.52% | 56 bp | 10 | $13.6M | Jul 2026 |
| EK9979825 | 4.125% fixed | 2027-07-01 | GBP | 198.79 | — | — | 1 | $264K | Jun 2026 |
| ACI0DGC85 | 4.13% fixed | 2027-07-01 | GBP | 99.32 | 4.89% | — | 1 | $134K | Jul 2026 |
| LW0799434 | 2.25% fixed | 2028-05-25 | EUR | 98.21 | 3.28% | — | 3 | $24.3M | Jul 2026 |
| 423074AF0 | 6.38% fixed | 2028-07-15 | USD | 102.52 | 5.01% | 80 bp | 1 | $62K | Jul 2026 |
| 50077LAT3 | 4.63% fixed | 2029-01-30 | USD | 99.88 | 4.68% | 44 bp | 5 | $13.5M | Jul 2026 |
| 50077LBL9 | 0.035% fixed | 2029-03-15 | EUR | 100.86 | -0.28% | — | 1 | $519K | Jun 2026 |
| 50077LAV8 | 3.75% fixed | 2030-04-01 | USD | 95.94 | 4.97% | 69 bp | 13 | $30.0M | Jul 2026 |
| 50077LBF2 | 4.25% fixed | 2031-03-01 | USD | 96.89 | 5.02% | 70 bp | 9 | $3.8M | Jul 2026 |
| 50077LBQ8 | 3.5% fixed | 2031-05-21 | EUR | 98.54 | 3.84% | — | 3 | $11.6M | Jul 2026 |
| 50077LBM7 | 5.2% fixed | 2032-03-15 | USD | 100.15 | 5.17% | 80 bp | 15 | $35.6M | Jul 2026 |
| 42307TAG3 | 6.75% fixed | 2032-03-15 | USD | 107.42 | 5.21% | 84 bp | 5 | $22.6M | Jul 2026 |
| 50077LBP0 | 3.25% fixed | 2033-03-15 | EUR | 95.67 | 4.01% | — | 3 | $14.6M | Jul 2026 |
| 50077LBR6 | 3.95% fixed | 2034-05-21 | EUR | 98.03 | 4.25% | — | 4 | $22.9M | Jul 2026 |
| 50077LBN5 | 5.4% fixed | 2035-03-15 | USD | 98.90 | 5.56% | 103 bp | 8 | $14.0M | Jul 2026 |
| 50077LAL0 | 5% fixed | 2035-07-15 | USD | 95.55 | 5.64% | 109 bp | 8 | $4.7M | Jul 2026 |
| 50076QAR7 | 6.875% fixed | 2039-01-26 | USD | 106.92 | 6.08% | 135 bp | 26 | $38.3M | Jul 2026 |
| 42307TAH1 | 7.125% fixed | 2039-08-01 | USD | 108.27 | 6.19% | 144 bp | 7 | $9.2M | Jul 2026 |
| 50077LAX4 | 4.625% fixed | 2039-10-01 | USD | 86.48 | 6.14% | 137 bp | 19 | $17.7M | Jul 2026 |
| 50076QAN6 | 6.5% fixed | 2040-02-09 | USD | 102.80 | 6.19% | 141 bp | 6 | $5.9M | Jul 2026 |
| 50076QAE6 | 5% fixed | 2042-06-04 | USD | 86.50 | 6.36% | 147 bp | 32 | $39.0M | Jul 2026 |
| 50076QAC0 | 5% fixed | 2042-06-04 | USD | 86.54 | 6.36% | 146 bp | 1 | $260K | Jul 2026 |
| 50077LAM8 | 5.2% fixed | 2045-07-15 | USD | 86.01 | 6.49% | 144 bp | 22 | $27.5M | Jul 2026 |
| 50077LAB2 | 4.375% fixed | 2046-06-01 | USD | 76.92 | 6.45% | 135 bp | 26 | $15.3M | Jul 2026 |
| 50077LAZ9 | 4.875% fixed | 2049-10-01 | USD | 80.85 | 6.48% | 138 bp | 16 | $12.5M | Jul 2026 |
| 50077LBJ4 | 5.5% fixed | 2050-06-01 | USD | 87.63 | 6.53% | 142 bp | 12 | $13.5M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 24 | $390.5M | 98.12 | 6.11% | 135 bp | 32 |
| Jun 2026 | 24 | $693.1M | 99.51 | 5.79% | 118 bp | 64 |
| May 2026 | 21 | $581.5M | 99.67 | 5.79% | 107 bp | 36 |
| Apr 2026 | 23 | $681.4M | 98.14 | 5.89% | 138 bp | 33 |
| Mar 2026 | 23 | $927.0M | 98.64 | 5.66% | 136 bp | 67 |
| Feb 2026 | 20 | $671.9M | 99.86 | 5.23% | 105 bp | 38 |
| Jan 2026 | 23 | $647.5M | 99.13 | 5.62% | 111 bp | 36 |
| Dec 2025 | 23 | $940.4M | 99.56 | 5.29% | 103 bp | 66 |
| Nov 2025 | 20 | $593.2M | 99.53 | 5.23% | 98 bp | 35 |
| Oct 2025 | 23 | $613.7M | 99.25 | 5.56% | 115 bp | 28 |
| Sep 2025 | 23 | $914.6M | 99.19 | 5.32% | 105 bp | 61 |
| Aug 2025 | 20 | $590.8M | 98.63 | 5.56% | 119 bp | 37 |
| Jul 2025 | 23 | $549.4M | 98.71 | 5.94% | 121 bp | 24 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 60 added, 169 cut, 22 new holders and 46 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $141.5M | $132.2M | -$41.5M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $125.6M | $114.5M | -$33.1M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $69.6M | $70.3M | $14.0M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $64.2M | $65.1M | -$4.4M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $60.8M | $57.6M | -$11.5M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $55.9M | $51.1M | -$24.0M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $49.1M | $49.6M | -$11.8M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $46.9M | $45.1M | -$11.4M |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $47.4M | $42.7M | -$9.5M |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $37.8M | $37.7M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $32.5M | $36.6M | $16.0M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $31.5M | $35.5M | $14.0M |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $24.3M | $26.2M | $0 |
| Invesco BulletShares 2026 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $25.7M | $25.7M | $3.4M |
| DFA Investment Grade Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $25.5M | $25.7M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $26.5M | $25.2M | -$2.4M |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $26.7M | $23.2M | -$8.3M |
| AST Multi-Sector Fixed Income Portfolio Advanced Series Trust | 2026-06-30 | $24.5M | $23.0M | -$3.1M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $23.1M | $22.1M | -$48.9M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $21.3M | $20.7M | -$23.9M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $20.3M | $20.5M | $0 |
| Strategic Income Opportunities Fund John Hancock Funds II | 2026-05-31 | $16.1M | $17.3M | -$7.1M |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $17.1M | $15.9M | $92K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $15.8M | $15.6M | $1.6M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $15.3M | $15.2M | -$8.7M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Navigator Tactical Fixed Income Fund ($63.8M), Core Fixed Income Fund ($21.0M), iShares iBonds Dec 2026 Term Corporate ETF ($19.1M), Dimensional Ultrashort Fixed Income ETF ($12.2M), iShares Flexible Income Active ETF ($10.0M), PIMCO Short Asset Investment Fund ($9.2M), FlexShares Ultra-Short Income Fund ($8.4M), Columbia Total Return Bond Fund ($7.6M), CrossingBridge Ultra-Short Duration Fund ($6.9M), Ultra-Short Fixed Income Fund ($6.0M).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 10 | $141.5M | $132.2M | 0.03% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $69.6M | $70.3M | 0.10% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 16 | $60.8M | $57.6M | 0.04% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $55.9M | $51.1M | 0.17% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 4 | $31.5M | $35.5M | 0.03% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $25.7M | $25.7M | 0.68% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 17 | $26.5M | $25.2M | 0.15% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 8 | $26.7M | $23.2M | 0.25% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $21.3M | $20.7M | 0.04% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 16 | $17.1M | $15.9M | 0.04% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $15.8M | $15.6M | 0.07% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $15.3M | $15.2M | 0.03% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $14.5M | $14.7M | 0.08% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $13.7M | $13.7M | 0.30% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 6 | $12.2M | $12.5M | 0.11% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.64: safer than 63% of companies (54th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-06-27.
| Equity value | $27.53B |
| Debt barrier (short-term + ½ long-term debt) | $10.19B |
| Equity volatility (1 year) | 26.9% |
| Asset value / asset volatility (solved) | $37.29B / 19.9% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 135 bp spread prices in about 2.2% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z = 0.49 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in KHC's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 152 | $247.5M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,102 | $24.75B | 28 | $293.9M | 32 | $413.6M | 0 |
| 2026-03-31 | 1,079 | $20.14B | 33 | $352.2M | 35 | $366.8M | 0 |
| 2025-12-31 | 1,102 | $24.67B | 29 | $391.3M | 37 | $448.1M | 0 |
| 2025-09-30 | 1,105 | $25.37B | 35 | $427.9M | 39 | $402.7M | 0 |
| 2025-06-30 | 1,087 | $25.26B | 34 | $367.4M | 34 | $378.4M | 0 |
Officials trading KHC bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2021-08-10 | Alan S. Lowenthal | purchase | Kraft Heinz Foods Co - Corp Bond at 3% 06/01/2026 | $1,001 - $15,000 | filing |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.