Kraft Heinz Company $KHC Shares Purchased by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec increased its stock position in Kraft Heinz Company by 19.7%, owning 273,504 shares worth approximately $8.32 million as of the end of the first quarter.
• Kraft Heinz reported earnings of $0.69 per share for the most recent quarter, exceeding estimates, but experienced a 1.9% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.40 per share, amounting to an annualized yield of 5.9%, scheduled for payment on September 26th.

Federation des caisses Desjardins du Quebec lifted its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 19.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 273,504 shares of the company's stock after buying an additional 45,003 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Kraft Heinz were worth $8,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Versant Capital Management Inc grew its holdings in shares of Kraft Heinz by 493.4% in the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock valued at $376,000 after buying an additional 10,272 shares during the period. D.A. Davidson & CO. boosted its stake in Kraft Heinz by 7.8% in the first quarter. D.A. Davidson & CO. now owns 90,252 shares of the company's stock worth $2,746,000 after buying an additional 6,551 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of 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 valued at $248,665,000 after purchasing an additional 103,548 shares during the period. GAMMA Investing LLC grew its holdings in shares of Kraft Heinz by 28.1% in the first quarter. GAMMA Investing LLC now owns 15,794 shares of the company's stock worth $481,000 after acquiring an additional 3,468 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in Kraft Heinz by 58.3% in the 1st quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company's stock worth $671,000 after purchasing an additional 8,144 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

KHC traded down $0.39 on Monday, hitting $26.90. The company's stock had a trading volume of 17,697,724 shares, compared to its average volume of 12,663,012. 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 cap of $31.84 billion, a P/E ratio of -5.99, a price-to-earnings-growth ratio of 3.18 and a beta of 0.23. The company's 50 day simple moving average is $27.46 and its 200-day simple moving average is $28.20. Kraft Heinz Company has a 12 month low of $25.44 and a 12 month high of $36.31.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The business had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.26 billion. During the same quarter in the previous year, the business posted $0.78 earnings per share. The business's 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. Analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

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 dividend of $0.40 per share. The ex-dividend date is Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 5.9%. Kraft Heinz's dividend payout ratio is -35.63%.

Insider Buying and Selling at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction 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 sale, the director directly owned 40,000 shares of the company's stock, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on KHC shares. Hsbc Global Res upgraded Kraft Heinz to a "hold" rating in a report on Friday, August 1st. Stifel Nicolaus decreased their price target on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Wednesday, September 3rd. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and raised their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. UBS Group set a $28.00 price target on Kraft Heinz and gave the stock a "neutral" rating in a research report on Thursday. Finally, Mizuho set a $29.00 target price on Kraft Heinz and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Seventeen research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $29.76.

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.