Birmingham Capital Management Co. Inc. AL Decreases Stock Position in Kraft Heinz Company $KHC

Birmingham Capital Management Co. Inc. AL decreased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 7.5% during the first quarter, HoldingsChannel reports. The fund owned 58,655 shares of the company’s stock after selling 4,790 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Kraft Heinz were worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Kraft Heinz by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock valued at $3,103,277,000 after acquiring an additional 11,472,071 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Kraft Heinz by 22.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company’s stock valued at $318,933,000 after acquiring an additional 1,895,722 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kraft Heinz by 23.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company’s stock valued at $263,650,000 after acquiring an additional 1,628,516 shares during the period. Bank of New York Mellon Corp raised its holdings in Kraft Heinz by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company’s stock valued at $248,665,000 after acquiring an additional 103,548 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in Kraft Heinz by 4,390.7% during the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock valued at $226,523,000 after acquiring an additional 7,278,295 shares during the period. Institutional investors own 78.17% of the company’s stock.

Insider Activity

In other news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the sale, the director directly owned 40,000 shares in the company, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by insiders.

Kraft Heinz Trading Down 0.1%

NASDAQ:KHC opened at $26.65 on Thursday. The company’s 50-day simple moving average is $27.48 and its 200 day simple moving average is $28.15. Kraft Heinz Company has a one year low of $25.44 and a one year high of $36.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The firm has a market capitalization of $31.54 billion, a P/E ratio of -5.94, a PEG ratio of 3.11 and a beta of 0.23.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.26 billion. During the same period in the prior year, the firm posted $0.78 EPS. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 6.0%. Kraft Heinz’s dividend payout ratio is currently -35.63%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KHC. Stifel Nicolaus cut their price target on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. UBS Group set a $28.00 target price on shares of Kraft Heinz and gave the company a “neutral” rating in a report on Thursday, September 4th. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the company a “neutral” rating in a report on Wednesday, May 28th. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Kraft Heinz in a research note on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price objective for the company. Seventeen investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $29.76.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.