Generali Investments CEE investicni spolecnost a.s. Purchases 15,426 Shares of Kraft Heinz Company $KHC

Key Points

• Generali Investments CEE investicni spolecnost a.s. increased its holdings in Kraft Heinz by 10.1%, acquiring an additional 15,426 shares, bringing its total to 167,773 shares valued at approximately $4.33 million.
• Kraft Heinz reported earnings of $0.69 per share, exceeding analysts' expectations, but revenue fell 1.9% year-over-year, totaling $6.35 billion.
• The company declared a quarterly dividend of $0.40 per share, yielding 6.1%, with a dividend payout ratio of -35.63%.

Generali Investments CEE investicni spolecnost a.s. lifted its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 10.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,773 shares of the company's stock after acquiring an additional 15,426 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in Kraft Heinz were worth $4,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in KHC. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Kraft Heinz by 109.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 155,614 shares of the company's stock worth $4,779,000 after acquiring an additional 81,159 shares during the period. Wellington Management Group LLP lifted its stake in Kraft Heinz by 39.6% in the 4th quarter. Wellington Management Group LLP now owns 176,864 shares of the company's stock valued at $5,431,000 after purchasing an additional 50,211 shares during the last quarter. GAMMA Investing LLC lifted its stake in Kraft Heinz by 3,799.2% in the 1st quarter. GAMMA Investing LLC now owns 480,611 shares of the company's stock valued at $15,794,000 after purchasing an additional 468,285 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Kraft Heinz by 6.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 8,021 shares of the company's stock valued at $244,000 after purchasing an additional 475 shares during the last quarter. Finally, Czech National Bank lifted its stake in Kraft Heinz by 4.7% in the 1st quarter. Czech National Bank now owns 200,363 shares of the company's stock valued at $6,097,000 after purchasing an additional 8,976 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Up 1.3%

KHC opened at $26.04 on Wednesday. Kraft Heinz Company has a twelve month low of $25.35 and a twelve month high of $36.31. 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 company has a fifty day moving average of $27.18 and a 200-day moving average of $27.65. The stock has a market cap of $30.82 billion, a PE ratio of -5.80, a price-to-earnings-growth ratio of 3.00 and a beta of 0.23.

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, topping the consensus estimate 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 company had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.26 billion. During the same period in the prior year, the company posted $0.78 earnings per share. Kraft Heinz'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, sell-side analysts predict that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Friday, August 29th. Kraft Heinz's dividend payout ratio (DPR) is presently -35.63%.

Wall Street Analyst Weigh In

KHC has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Kraft Heinz in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 price objective for the company. Stifel Nicolaus dropped their price objective 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. Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. DZ Bank raised shares of Kraft Heinz from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Finally, UBS Group set a $28.00 price target on shares of Kraft Heinz and gave the company a "neutral" rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Kraft Heinz presently has an average rating of "Hold" and a consensus price target of $29.76.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction on Friday, July 18th. The shares were 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 in the company, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.35% of the company's stock.

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.

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