Ethic Inc. Raises Position in Kraft Heinz Company $KHC

Key Points

• Ethic Inc. increased its stake in Kraft Heinz Company by 67.8% during the first quarter, now holding a total of 42,649 shares worth approximately $1.3 million.
• Kraft Heinz reported earnings per share of $0.69 for the last quarter, exceeding analyst estimates and generating a revenue of $6.35 billion, although its revenue showed a decline of 1.9% year-over-year.
• The company announced a quarterly dividend of $0.40, translating to an annual yield of 5.9%, set to be paid to investors on September 26th.

Ethic Inc. raised its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 67.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,649 shares of the company's stock after acquiring an additional 17,234 shares during the quarter. Ethic Inc.'s holdings in Kraft Heinz were worth $1,294,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Measured Risk Portfolios Inc. raised its holdings in shares of Kraft Heinz by 13.1% in the first quarter. Measured Risk Portfolios Inc. now owns 65,312 shares of the company's stock worth $1,987,000 after acquiring an additional 7,562 shares during the last quarter. Aberdeen Group plc raised its holdings in shares of Kraft Heinz by 101.0% in the first quarter. Aberdeen Group plc now owns 613,505 shares of the company's stock worth $18,672,000 after acquiring an additional 308,273 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kraft Heinz by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,875,177 shares of the company's stock worth $209,201,000 after acquiring an additional 350,067 shares during the last quarter. Horizon Investments LLC raised its holdings in shares of Kraft Heinz by 4.5% in the first quarter. Horizon Investments LLC now owns 16,479 shares of the company's stock worth $501,000 after acquiring an additional 706 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Kraft Heinz by 4.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 342,540 shares of the company's stock worth $10,423,000 after acquiring an additional 14,600 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the company'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 completion of the sale, the director owned 40,000 shares of the company's stock, valued at $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by insiders.

Kraft Heinz Trading Up 2.0%

KHC stock traded up $0.56 during trading on Friday, reaching $28.06. 10,695,765 shares of the stock traded hands, compared to its average volume of 11,599,574. The business's 50 day moving average price is $27.14 and its 200-day moving average price is $28.34. Kraft Heinz Company has a 52-week low of $25.44 and a 52-week high of $36.53. 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 firm has a market capitalization of $33.21 billion, a PE ratio of -6.25, a P/E/G ratio of 3.21 and a beta of 0.23.

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 (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 during the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The firm's quarterly revenue 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. As a group, sell-side analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company 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. This represents a $1.60 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz's payout ratio is -35.63%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KHC. Wells Fargo & Company boosted 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. Hsbc Global Res raised Kraft Heinz to a "hold" rating in a report on Friday, August 1st. DZ Bank lowered Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research note on Friday, May 9th. UBS Group upped their target price on Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and upped their target price for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. Sixteen research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.