Kraft Heinz Company $KHC Shares Purchased by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its stake in Kraft Heinz Company by 62.0%, acquiring an additional 80,291 shares, bringing its total holdings to 209,715 shares valued at approximately $6.38 million.
• Analysts have largely rated Kraft Heinz with a consensus of Hold, with the target price adjusted to around $29.88, reflecting a positive outlook from some firms like Goldman Sachs and JPMorgan Chase.
• For the latest quarter, Kraft Heinz reported an earnings per share of $0.69, surpassing estimates and showing resilience despite a 1.9% decline in revenue compared to the previous year.

Advisors Asset Management Inc. boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 62.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 209,715 shares of the company's stock after buying an additional 80,291 shares during the period. Advisors Asset Management Inc.'s holdings in Kraft Heinz were worth $6,382,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of KHC. Hara Capital LLC raised its stake in Kraft Heinz by 61.9% in the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock worth $52,000 after acquiring an additional 650 shares during the last quarter. Aptus Capital Advisors LLC grew its position in Kraft Heinz by 43.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 13,034 shares of the company's stock worth $400,000 after purchasing an additional 3,922 shares during the period. Benjamin Edwards Inc. grew its position in shares of Kraft Heinz by 50.0% during the 4th quarter. Benjamin Edwards Inc. now owns 18,166 shares of the company's stock valued at $558,000 after acquiring an additional 6,057 shares during the period. Captrust Financial Advisors grew its position in shares of Kraft Heinz by 71.8% during the 4th quarter. Captrust Financial Advisors now owns 111,341 shares of the company's stock valued at $3,419,000 after acquiring an additional 46,542 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at about $2,436,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Insider Transactions at Kraft Heinz

In related 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 transaction of $697,750.00. Following the sale, the director directly owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KHC shares. Morgan Stanley set a $29.00 price objective on Kraft Heinz and gave the stock an "equal weight" rating in a report on Wednesday, September 3rd. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Wells Fargo & Company decreased 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, UBS Group set a $28.00 price target on shares of Kraft Heinz and gave the company a "neutral" rating in a report on Thursday. Seventeen investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Kraft Heinz presently has an average rating of "Reduce" and an average target price of $29.76.

Kraft Heinz Stock Performance

NASDAQ KHC traded down $0.39 during midday trading on Monday, hitting $26.90. The company had a trading volume of 17,704,243 shares, compared to its average volume of 12,676,427. The firm has a fifty day simple moving average of $27.46 and a two-hundred day simple moving average of $28.20. The stock has a market cap of $31.84 billion, a price-to-earnings ratio of -5.99, a P/E/G ratio of 3.18 and a beta of 0.23. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.31. 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 announced its quarterly earnings results 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 negative net margin of 20.83% and a positive return on equity of 7.40%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same period last 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. Equities analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.9%. Kraft Heinz's 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.