HighTower Advisors LLC Increases Stake in Kraft Heinz Company $KHC

HighTower Advisors LLC grew its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 24.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 323,161 shares of the company's stock after purchasing an additional 64,449 shares during the quarter. HighTower Advisors LLC's holdings in Kraft Heinz were worth $9,834,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rossby Financial LCC bought a new position in Kraft Heinz during the first quarter worth $29,000. Wayfinding Financial LLC bought a new position in Kraft Heinz during the first quarter worth $33,000. Investment Management Corp VA ADV boosted its stake in Kraft Heinz by 141.7% during the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock worth $35,000 after acquiring an additional 669 shares in the last quarter. Pinney & Scofield Inc. bought a new position in Kraft Heinz during the fourth quarter worth $38,000. Finally, Abound Wealth Management boosted its stake in Kraft Heinz by 1,157.0% during the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock worth $38,000 after acquiring an additional 1,157 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

Insider Transactions at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the sale, the director 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 filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company's stock.

Kraft Heinz Stock Up 1.5%

Shares of KHC traded up $0.40 during trading hours on Tuesday, reaching $27.67. 8,280,607 shares of the stock traded hands, compared to its average volume of 12,380,451. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $27.06 and a 200 day simple moving average of $28.36. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.53. The company has a market cap of $32.75 billion, a price-to-earnings ratio of -6.16, a PEG ratio of 3.17 and a beta of 0.23.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results 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 company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same period last year, the firm earned $0.78 earnings per share. The firm's 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. On average, equities analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Friday, August 29th. Kraft Heinz's dividend payout ratio (DPR) is -35.63%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KHC. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and increased their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. UBS Group upped their price objective on shares of Kraft Heinz from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Wells Fargo & Company upped their price objective on shares of 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 lowered their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Finally, DZ Bank downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a report on Friday, May 9th. Sixteen equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Kraft Heinz presently has an average rating of "Reduce" and a consensus target price of $30.35.

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.