Candriam S.C.A. Buys 10,260 Shares of Kraft Heinz Company $KHC

Key Points

• Candriam S.C.A. has increased its stake in Kraft Heinz Company by 11.7% in the first quarter, now holding shares worth $2,975,000.
• Multiple hedge funds, including Vanguard Group Inc. with a 12.7% increase, have also raised their positions in Kraft Heinz as institutional ownership stands at 78.17%.
• Kraft Heinz has announced a quarterly dividend of $0.40 per share, scheduled for payment on September 26th, resulting in an annualized yield of 5.7%.

Candriam S.C.A. lifted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 11.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,777 shares of the company's stock after buying an additional 10,260 shares during the period. Candriam S.C.A.'s holdings in Kraft Heinz were worth $2,975,000 at the end of the most recent reporting period.

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

Kraft Heinz Price Performance

KHC stock traded up $0.19 during midday trading on Wednesday, hitting $27.89. The company's stock had a trading volume of 8,954,549 shares, compared to its average volume of 12,311,228. Kraft Heinz Company has a 12 month low of $25.44 and a 12 month high of $36.53. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $33.01 billion, a price-to-earnings ratio of -6.21, a price-to-earnings-growth ratio of 3.23 and a beta of 0.23. The company has a 50 day moving average of $27.22 and a two-hundred day moving average of $28.31.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted 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. 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 during the quarter, compared to the consensus estimate of $6.26 billion. During the same period in the prior year, the company posted $0.78 EPS. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 5.7%. The ex-dividend date is Friday, August 29th. Kraft Heinz's dividend payout ratio is presently -35.63%.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the company's 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. This represents a 38.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KHC has been the topic of several analyst reports. Hsbc Global Res upgraded shares of Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. Wells Fargo & Company lifted their target price on Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Stifel Nicolaus reduced their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. UBS Group lifted their price objective on Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group raised shares of 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 report on Wednesday, June 25th. Sixteen equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $30.12.

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.