AG2R LA Mondiale Gestion D Actifs Buys New Position in Kraft Heinz Company $KHC

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new stake in Kraft Heinz Company, purchasing 37,635 shares valued at approximately $1,145,000 in the first quarter of the year.
• Several other institutional investors also bought shares in Kraft Heinz, with 78.17% of the stock now owned by institutional investors and hedge funds.
• Kraft Heinz recently announced a quarterly dividend of $0.40 per share, representing an annualized yield of 6.1%.

AG2R LA Mondiale Gestion D Actifs purchased a new position in Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 37,635 shares of the company's stock, valued at approximately $1,145,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of KHC. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 11,472,071 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Kraft Heinz by 22.1% in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Kraft Heinz by 23.4% in 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 during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kraft Heinz by 1.3% in 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 during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Kraft Heinz by 4,390.7% in 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 during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price objective on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on Kraft Heinz in a research report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price objective for the company. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. Hsbc Global Res raised Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. Finally, UBS Group set a $28.00 target price on Kraft Heinz and gave the company a "neutral" rating in a research report on Thursday, September 4th. Seventeen research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $29.76.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC traded up $0.30 on Tuesday, hitting $25.93. The company had a trading volume of 18,269,366 shares, compared to its average volume of 14,315,749. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. Kraft Heinz Company has a 52-week low of $25.44 and a 52-week high of $36.31. The business has a 50 day moving average of $27.45 and a 200 day moving average of $27.99. The company has a market cap of $30.69 billion, a PE ratio of -5.78, a PEG ratio of 2.99 and a beta of 0.23.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued 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 the consensus estimate of $6.26 billion. During the same period in the prior year, the business earned $0.78 earnings per share. The business's 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, equities analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 yield of 6.2%. Kraft Heinz's dividend payout ratio is -35.63%.

Insiders Place Their Bets

In related news, Director Elio Leoni Sceti sold 25,000 shares of the 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 transaction, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.35% of the company's stock.

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.