Kraft Heinz Company $KHC Shares Sold by JBGlobal.com LLC

JBGlobal.com LLC reduced its position in Kraft Heinz Company (NASDAQ:KHC) by 48.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,546 shares of the company’s stock after selling 9,097 shares during the quarter. Kraft Heinz makes up approximately 0.3% of JBGlobal.com LLC’s investment portfolio, making the stock its 26th biggest position. JBGlobal.com LLC’s holdings in Kraft Heinz were worth $246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of KHC. Vanguard Group Inc. lifted its position in Kraft Heinz by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock worth $3,103,277,000 after acquiring an additional 11,472,071 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 worth $318,933,000 after acquiring an additional 1,895,722 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 worth $263,650,000 after acquiring an additional 1,628,516 shares in the last quarter. Bank of New York Mellon Corp lifted its position 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 worth $248,665,000 after acquiring an additional 103,548 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position 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 worth $226,523,000 after acquiring an additional 7,278,295 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KHC. Hsbc Global Res raised Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. Stifel Nicolaus lowered their price target on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. Wells Fargo & Company lowered their price target on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, September 3rd. UBS Group set a $28.00 price objective on Kraft Heinz and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. assumed coverage on 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 analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $29.76.

Insider Activity at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the company’s stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the sale, the director directly owned 40,000 shares of the company’s stock, valued at $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Kraft Heinz Trading Down 1.5%

NASDAQ:KHC opened at $26.13 on Friday. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.31. The stock has a market cap of $30.93 billion, a price-to-earnings ratio of -5.82, a PEG ratio of 3.09 and a beta of 0.23. The business has a fifty day moving average of $27.47 and a 200-day moving average of $28.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07.

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

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz’s dividend payout ratio is currently -35.63%.

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.