Kraft Heinz Company $KHC Shares Sold by PFG Investments LLC

PFG Investments LLC decreased its position in Kraft Heinz Company (NASDAQ:KHC) by 12.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,804 shares of the company’s stock after selling 5,205 shares during the period. PFG Investments LLC’s holdings in Kraft Heinz were worth $950,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Generali Investments CEE investicni spolecnost a.s. grew its holdings in Kraft Heinz by 10.1% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 167,773 shares of the company’s stock worth $4,332,000 after buying an additional 15,426 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Kraft Heinz by 57.1% in the second quarter. V Square Quantitative Management LLC now owns 13,616 shares of the company’s stock worth $352,000 after purchasing an additional 4,950 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Kraft Heinz by 19.2% during the second quarter. Sound Income Strategies LLC now owns 335,621 shares of the company’s stock valued at $8,666,000 after purchasing an additional 54,103 shares during the period. Peoples Financial Services CORP. raised its stake in shares of Kraft Heinz by 92.8% during the second quarter. Peoples Financial Services CORP. now owns 8,829 shares of the company’s stock valued at $228,000 after purchasing an additional 4,250 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Kraft Heinz by 12,413.7% in the second quarter. Avior Wealth Management LLC now owns 33,912 shares of the company’s stock worth $876,000 after purchasing an additional 33,641 shares during the period. Institutional investors own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the business’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the sale, the director owned 40,000 shares in the company, valued at approximately $1,116,400. The trade was a 38.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Kraft Heinz Trading Down 0.8%

Shares of NASDAQ:KHC opened at $26.07 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. The stock has a market capitalization of $30.86 billion, a price-to-earnings ratio of -5.81, a PEG ratio of 3.07 and a beta of 0.16. Kraft Heinz Company has a 1-year low of $25.35 and a 1-year high of $36.31. The company has a 50 day moving average price of $27.08 and a 200 day moving average price of $27.61.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, research analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.1%. Kraft Heinz’s dividend payout ratio (DPR) is currently -35.63%.

Wall Street Analyst Weigh In

Several research firms have commented on KHC. JPMorgan Chase & Co. initiated coverage on shares of Kraft Heinz in a research note on Wednesday, August 20th. They set a “neutral” rating and a $27.00 target price on the stock. DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Stifel Nicolaus dropped their target price on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. Morgan Stanley set a $29.00 price target on Kraft Heinz and gave the company an “equal weight” rating in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company lowered their price target on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $29.76.

Kraft Heinz 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.