Kraft Heinz Company $KHC Shares Sold by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in Kraft Heinz by 1.4%, now holding approximately 15.6 million shares valued at $474.8 million.
• Major investors like Vanguard Group and Pacer Advisors increased their holdings significantly during the same period, with Vanguard now owning over 101 million shares.
• Kraft Heinz reported quarterly earnings surpassing expectations at $0.69 per share, but its revenue dipped by 1.9% year-over-year.

Hotchkis & Wiley Capital Management LLC reduced its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,603,348 shares of the company's stock after selling 222,684 shares during the quarter. Kraft Heinz makes up 1.6% of Hotchkis & Wiley Capital Management LLC's holdings, making the stock its 19th largest position. Hotchkis & Wiley Capital Management LLC owned 1.32% of Kraft Heinz worth $474,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in KHC. Rossby Financial LCC purchased a new stake in Kraft Heinz in the first quarter valued at about $29,000. Wayfinding Financial LLC purchased a new stake in Kraft Heinz in the first quarter valued at about $33,000. Investment Management Corp VA ADV raised its stake in Kraft Heinz by 141.7% in the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock valued at $35,000 after buying an additional 669 shares during the last quarter. Pinney & Scofield Inc. purchased a new stake in Kraft Heinz in the fourth quarter valued at about $38,000. Finally, Abound Wealth Management raised its stake in Kraft Heinz by 1,157.0% in the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock valued at $38,000 after buying an additional 1,157 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KHC has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price target for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research note on Friday, May 9th. Wells Fargo & Company increased their price target on Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note 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 research note on Wednesday, April 30th. Finally, Mizuho set a $29.00 price target on Kraft Heinz and gave the company a "neutral" rating in a research note 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. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $30.12.

Insider Buying and Selling

In related news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the sale, the director directly owned 40,000 shares of the company's stock, valued at $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Kraft Heinz Stock Performance

Shares of KHC stock traded up $0.19 during mid-day trading on Wednesday, reaching $27.89. The stock had a trading volume of 9,139,818 shares, compared to its average volume of 12,341,055. The business's fifty day moving average is $27.22 and its 200-day moving average is $28.31. 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 firm has a market cap of $33.01 billion, a price-to-earnings ratio of -6.21, a PEG ratio of 3.23 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.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.Kraft Heinz's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, research analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz's dividend payout ratio (DPR) 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.