Ameriprise Financial Inc. Reduces Holdings in Kraft Heinz Company $KHC

Key Points

• Ameriprise Financial Inc. has decreased its stake in Kraft Heinz Company by 11.8%, selling 199,636 shares and retaining approximately 1.49 million shares valued at about $45.27 million.
• Vanguard Group increased its holdings in Kraft Heinz by 12.7% to over 101 million shares, while Pacer Advisors significantly boosted its stake by 4,390.7%.
• Kraft Heinz recently declared a quarterly dividend of $0.40 per share, with a yield of 5.8%, scheduled for payment on September 26th.

Ameriprise Financial Inc. trimmed its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 11.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,487,508 shares of the company's stock after selling 199,636 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.13% of Kraft Heinz worth $45,273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KHC. Rossby Financial LCC purchased a new position in Kraft Heinz in the first quarter valued at about $29,000. Wayfinding Financial LLC purchased a new position in Kraft Heinz in the first quarter valued at about $33,000. Investment Management Corp VA ADV boosted its stake in Kraft Heinz by 141.7% in the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock valued at $35,000 after acquiring an additional 669 shares during the last quarter. Pinney & Scofield Inc. purchased a new position in Kraft Heinz in the fourth quarter valued at about $38,000. Finally, Abound Wealth Management boosted its stake in Kraft Heinz by 1,157.0% in the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock valued at $38,000 after acquiring an additional 1,157 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KHC. The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their target price for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. DZ Bank cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research note on Friday, May 9th. Wells Fargo & Company upped their price target on shares of Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. UBS Group upped their price target on shares of Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Finally, Mizuho set a $29.00 price target on shares of Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $30.12.

Insider Buying and Selling at Kraft Heinz

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

Kraft Heinz Price Performance

Kraft Heinz stock traded up $0.33 during midday trading on Monday, reaching $27.97. 23,587,253 shares of the stock were exchanged, compared to its average volume of 11,459,742. The company's fifty day moving average is $27.34 and its 200-day moving average is $28.28. 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 firm has a market cap of $33.11 billion, a PE ratio of -6.23, a PEG ratio of 3.26 and a beta of 0.23. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The business's revenue for the quarter 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, sell-side analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed 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 5.7%. Kraft Heinz's dividend payout ratio (DPR) is -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.