Kraft Heinz Company $KHC Shares Bought by Chiron Capital Management LLC

Key Points

• Chiron Capital Management LLC increased its stake in Kraft Heinz Company by 47.5%, adding 14,200 shares and bringing their total holdings to 44,114 shares worth approximately $1.34 million.
• Several institutional investors, including Vanguard Group Inc. and Pacer Advisors Inc., also significantly increased their holdings in Kraft Heinz during the first quarter, reflecting a growing confidence in the company's prospects.
• Kraft Heinz recently declared a quarterly dividend of $0.40 per share, translating to an annual yield of 5.7%, with the payout ratio currently at -35.63%.

Chiron Capital Management LLC lifted its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 47.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,114 shares of the company's stock after purchasing an additional 14,200 shares during the period. Kraft Heinz comprises about 1.2% of Chiron Capital Management LLC's portfolio, making the stock its 21st largest holding. Chiron Capital Management LLC's holdings in Kraft Heinz were worth $1,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Quarry LP increased its stake in shares of Kraft Heinz by 3,552.0% in the 1st quarter. Quarry LP now owns 6,318 shares of the company's stock valued at $192,000 after purchasing an additional 6,145 shares in the last quarter. Baird Financial Group Inc. increased its stake in Kraft Heinz by 20.9% during the 1st quarter. Baird Financial Group Inc. now owns 564,569 shares of the company's stock worth $17,180,000 after buying an additional 97,428 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Kraft Heinz by 3.6% during the 1st quarter. Panagora Asset Management Inc. now owns 40,708 shares of the company's stock worth $1,239,000 after buying an additional 1,431 shares in the last quarter. Palogic Value Management L.P. increased its stake in Kraft Heinz by 27.2% during the 1st quarter. Palogic Value Management L.P. now owns 24,151 shares of the company's stock worth $735,000 after buying an additional 5,159 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in Kraft Heinz by 40.4% during the 1st quarter. Vident Advisory LLC now owns 73,270 shares of the company's stock worth $2,230,000 after buying an additional 21,075 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Insider Buying and Selling

In related 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 transaction, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

KHC has been the subject of several research reports. Mizuho set a $29.00 price objective on Kraft Heinz and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Stifel Nicolaus cut 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. DZ Bank lowered 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 stock a "neutral" rating in a research note on Thursday. Finally, Morgan Stanley set a $29.00 target price on Kraft Heinz and gave the stock an "equal weight" rating in a report on Wednesday. Seventeen analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $29.76.

Kraft Heinz Trading Up 1.2%

KHC traded up $0.33 during trading hours on Friday, reaching $27.29. The company's stock had a trading volume of 14,753,200 shares, compared to its average volume of 13,051,689. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.31. The stock has a market cap of $32.30 billion, a PE ratio of -6.08, a P/E/G ratio of 3.14 and a beta of 0.23. The business's 50-day moving average is $27.46 and its 200-day moving average is $28.22. 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 released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.26 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. The firm's quarterly revenue was down 1.9% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, equities research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be issued a $0.40 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 5.9%. Kraft Heinz's dividend payout ratio is currently -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.