Kraft Heinz Company $KHC Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Kraft Heinz Company by 5.4%, owning approximately 6.87 million shares valued at $209.2 million as of the latest SEC filing.
• Insider trading activity showed Director Elio Leoni Sceti sold 25,000 shares, reducing their ownership by 38.46%, bringing their remaining shares to 40,000 valued at around $1.12 million.
• Analysts have mixed ratings on Kraft Heinz, with a consensus rating of "Hold" and an average target price of $30.35, reflecting various recent upgrades and downgrades.

Dimensional Fund Advisors LP lifted its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,875,177 shares of the company's stock after purchasing an additional 350,067 shares during the period. Dimensional Fund Advisors LP owned about 0.58% of Kraft Heinz worth $209,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KHC. Hara Capital LLC boosted its holdings in Kraft Heinz by 61.9% in the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company's stock valued at $52,000 after purchasing an additional 650 shares during the period. CreativeOne Wealth LLC lifted its holdings in Kraft Heinz by 29.1% during the 4th quarter. CreativeOne Wealth LLC now owns 8,490 shares of the company's stock worth $261,000 after buying an additional 1,914 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Kraft Heinz by 36.4% during the 4th quarter. NewEdge Advisors LLC now owns 69,732 shares of the company's stock worth $2,141,000 after buying an additional 18,593 shares during the last quarter. Marshall Wace LLP lifted its holdings in Kraft Heinz by 99.1% during the 4th quarter. Marshall Wace LLP now owns 28,469 shares of the company's stock worth $874,000 after buying an additional 14,169 shares during the last quarter. Finally, Freedom Investment Management Inc. lifted its holdings in Kraft Heinz by 27.9% during the 4th quarter. Freedom Investment Management Inc. now owns 9,760 shares of the company's stock worth $300,000 after buying an additional 2,129 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KHC has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on Kraft Heinz from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Stifel Nicolaus decreased their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. UBS Group lifted their price target on Kraft Heinz from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. Finally, Mizuho set a $29.00 target price on Kraft Heinz and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Sixteen analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $30.12.

Insider Transactions at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the business's stock in a transaction dated 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 owned 40,000 shares in the company, valued at $1,116,400. The trade was a 38.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Kraft Heinz Stock Performance

KHC stock traded up $0.56 during trading on Friday, hitting $28.06. The company had a trading volume of 10,695,765 shares, compared to its average volume of 11,599,574. The firm has a market cap of $33.21 billion, a PE ratio of -6.25, a price-to-earnings-growth ratio of 3.21 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 firm has a 50-day moving average price of $27.14 and a 200-day moving average price of $28.34. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.26 billion. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. 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 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be given 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 payout ratio is -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.