Kraft Heinz Company $KHC Shares Purchased by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. increased its holdings in Kraft Heinz Company by 20.9%, acquiring an additional 97,428 shares worth approximately $17.18 million.
• Several large investors, including Investment Management Corp VA ADV and Abound Wealth Management, have significantly raised their stakes in Kraft Heinz during Q1.
• Kraft Heinz recently announced a quarterly dividend of $0.40 per share, which translates to an annualized dividend yield of 5.7%.

Baird Financial Group Inc. grew its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 20.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 564,569 shares of the company's stock after buying an additional 97,428 shares during the quarter. Baird Financial Group Inc.'s holdings in Kraft Heinz were worth $17,180,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KHC. Rossby Financial LCC acquired a new stake in shares of Kraft Heinz in the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new stake in shares of Kraft Heinz in the 1st quarter valued at approximately $33,000. Investment Management Corp VA ADV lifted its holdings in shares of Kraft Heinz by 141.7% in the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock valued at $35,000 after buying an additional 669 shares during the period. Pinney & Scofield Inc. acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $38,000. Finally, Abound Wealth Management increased its stake in Kraft Heinz by 1,157.0% in the 1st quarter. Abound Wealth Management now owns 1,257 shares of the company's stock valued at $38,000 after purchasing an additional 1,157 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. DZ Bank downgraded Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research note on Friday, May 9th. UBS Group set a $28.00 price objective on Kraft Heinz and gave the company a "neutral" rating in a research note on Thursday. Stifel Nicolaus dropped their price objective on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Wednesday. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and raised their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. Finally, Morgan Stanley set a $29.00 price objective on Kraft Heinz and gave the company an "equal weight" rating in a research note on Wednesday. Seventeen analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $29.76.

Kraft Heinz Price Performance

Kraft Heinz stock traded up $0.33 during mid-day trading on Friday, hitting $27.29. 14,753,200 shares of the company were exchanged, compared to its average volume of 13,051,689. 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 business's 50 day simple moving average is $27.46 and its two-hundred day simple moving average is $28.22. The company has a market capitalization of $32.30 billion, a P/E ratio of -6.08, a PEG ratio of 3.14 and a beta of 0.23. Kraft Heinz Company has a 12-month low of $25.44 and a 12-month high of $36.31.

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. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.Kraft Heinz's revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 5.9%. Kraft Heinz's dividend payout ratio (DPR) is presently -35.63%.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the transaction, the director owned 40,000 shares of the company's stock, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.35% of the company's stock.

About Kraft Heinz

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.