Trexquant Investment LP Buys Shares of 341,744 Kraft Heinz Company $KHC

Key Points

• Trexquant Investment LP acquired 341,744 shares of Kraft Heinz, valued at approximately $10.4 million, as part of their first-quarter investments.
• Kraft Heinz recently reported earnings of $0.69 per share, surpassing analyst expectations, despite a revenue decline of 1.9% year-over-year.
• The company announced a quarterly $0.40 dividend, marking a 5.7% yield to shareholders, with a scheduled payment date of September 26th.

Trexquant Investment LP bought a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 341,744 shares of the company's stock, valued at approximately $10,399,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KHC. Vanguard Group Inc. increased its stake in Kraft Heinz by 12.7% in the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock valued at $3,103,277,000 after purchasing an additional 11,472,071 shares in the last quarter. Pacer Advisors Inc. increased its stake in Kraft Heinz by 4,390.7% in the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock valued at $226,523,000 after purchasing an additional 7,278,295 shares in the last quarter. Southeastern Asset Management Inc. TN bought a new stake in Kraft Heinz in the fourth quarter valued at $87,080,000. Fairfax Financial Holdings Ltd. Can increased its stake in Kraft Heinz by 341.9% in the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock valued at $101,773,000 after purchasing an additional 2,564,000 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Kraft Heinz in the first quarter valued at $61,110,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Up 1.2%

Kraft Heinz stock traded up $0.33 during midday trading on Monday, hitting $27.97. 23,587,253 shares of the stock were exchanged, compared to its average volume of 11,459,742. Kraft Heinz Company has a 52-week low of $25.44 and a 52-week high of $36.53. The stock has a market capitalization of $33.11 billion, a price-to-earnings ratio of -6.23, a price-to-earnings-growth ratio of 3.26 and a beta of 0.23. The business's 50-day moving average price is $27.38 and its 200-day moving average price is $28.28. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. 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 previous year, the company earned $0.78 earnings per share. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, research analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be issued 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 5.7%. Kraft Heinz's payout ratio is -35.63%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. UBS Group boosted their target price on shares of Kraft Heinz from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. DZ Bank downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research report on Friday, May 9th. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. started coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 target price for the company. Sixteen investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $30.12.

Insiders Place Their Bets

In related news, Director Elio Leoni Sceti sold 25,000 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the transaction, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.35% of the company's stock.

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.