Kraft Heinz Company $KHC Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Kraft Heinz by 23.2%, selling 9,500 shares during the first quarter and now holds 31,368 shares valued at $955,000.
• Multiple institutional investors have adjusted their positions in Kraft Heinz, with M Holdings Securities Inc. acquiring shares worth approximately $825,000 and Quantbot Technologies LP increasing its stake by 477.3%.
• Kraft Heinz recently announced a quarterly dividend of $0.40 per share, offering a 5.7% yield, while the company reported a negative net margin of 20.83% and a net earnings per share of $0.69 for the last quarter.

BI Asset Management Fondsmaeglerselskab A S decreased its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 23.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,368 shares of the company's stock after selling 9,500 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Kraft Heinz were worth $955,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Kraft Heinz by 12.7% in the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock worth $3,103,277,000 after acquiring an additional 11,472,071 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Kraft Heinz by 12.6% during the fourth quarter. Northern Trust Corp now owns 9,289,691 shares of the company's stock valued at $285,286,000 after buying an additional 1,039,885 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Kraft Heinz by 23.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company's stock valued at $263,650,000 after buying an additional 1,628,516 shares during the period. Bank of New York Mellon Corp grew its stake in 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 period. Finally, Pacer Advisors Inc. lifted its stake in shares of Kraft Heinz by 4,390.7% during the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock worth $226,523,000 after purchasing an additional 7,278,295 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Stock Up 0.7%

NASDAQ:KHC traded up $0.20 during mid-day trading on Wednesday, reaching $27.90. The stock had a trading volume of 4,326,990 shares, compared to its average volume of 12,309,880. The company has a market capitalization of $33.02 billion, a price-to-earnings ratio of -6.21, a price-to-earnings-growth ratio of 3.23 and a beta of 0.23. Kraft Heinz Company has a 1-year low of $25.44 and a 1-year high of $36.53. The stock's 50 day simple moving average is $27.22 and its two-hundred day simple moving average is $28.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted 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 business 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%.The company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Equities analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Friday, August 29th. Kraft Heinz's payout ratio is presently -35.63%.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the transaction, the director directly owned 40,000 shares in the company, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and increased their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. Mizuho set a $29.00 price objective on Kraft Heinz and gave the stock a "neutral" rating in a report on Wednesday, May 28th. UBS Group increased their price target on Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Wells Fargo & Company increased their price target on Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Finally, DZ Bank downgraded Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a report on Friday, May 9th. Sixteen research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $30.12.

Kraft Heinz 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.