Baader Bank Aktiengesellschaft Makes New $557,000 Investment in Kraft Heinz Company $KHC

Key Points

• Baader Bank Aktiengesellschaft has made a new investment of approximately $557,000 in Kraft Heinz Company, purchasing 21,564 shares in the second quarter as reported in its 13F filing.
• Several hedge funds are increasing their holdings in Kraft Heinz, with institutional investors now owning 78.17% of the company’s stock.
• Kraft Heinz recently reported earnings of $0.69 per share for the quarter, exceeding estimates, and announced a quarterly dividend of $0.40 per share, reflecting a 6.1% dividend yield.

Baader Bank Aktiengesellschaft purchased a new position in Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,564 shares of the company's stock, valued at approximately $557,000.

Several other institutional investors also recently added to or reduced their stakes in KHC. Swedbank AB increased its position in Kraft Heinz by 13.6% during the 1st quarter. Swedbank AB now owns 878,684 shares of the company's stock valued at $26,738,000 after purchasing an additional 104,872 shares during the period. Versant Capital Management Inc increased its position in Kraft Heinz by 493.4% during the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock valued at $376,000 after purchasing an additional 10,272 shares during the period. Bard Financial Services Inc. increased its position in Kraft Heinz by 24.5% during the 2nd quarter. Bard Financial Services Inc. now owns 104,225 shares of the company's stock valued at $2,691,000 after purchasing an additional 20,500 shares during the period. D.A. Davidson & CO. increased its position in Kraft Heinz by 7.8% during the 1st quarter. D.A. Davidson & CO. now owns 90,252 shares of the company's stock valued at $2,746,000 after purchasing an additional 6,551 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Kraft Heinz by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company's stock valued at $248,665,000 after purchasing an additional 103,548 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analyst Ratings Changes

KHC has been the topic of a number of research reports. Wells Fargo & Company cut their target price on shares of 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. Hsbc Global Res upgraded shares of Kraft Heinz to a "hold" rating in a report on Friday, August 1st. The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and raised their price target for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. 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, September 4th. Finally, Mizuho set a $29.00 price target on shares of Kraft Heinz and gave the company a "neutral" rating in a report on Wednesday, May 28th. Seventeen analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $29.76.

Kraft Heinz Stock Performance

KHC traded up $0.34 during trading on Friday, reaching $26.42. 33,010,362 shares of the company's stock were exchanged, compared to its average volume of 15,796,184. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The stock has a market capitalization of $31.27 billion, a P/E ratio of -5.88, a price-to-earnings-growth ratio of 3.08 and a beta of 0.23. The company's fifty day simple moving average is $27.41 and its 200-day simple moving average is $27.89.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $6.35 billion during 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 quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz's payout ratio is -35.63%.

Insider Buying and Selling at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the business's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the sale, the director owned 40,000 shares of the company's stock, valued at approximately $1,116,400. The trade was a 38.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by company insiders.

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.