Invenomic Capital Management LP Decreases Stock Position in Kraft Heinz Company $KHC

Key Points

• Invenomic Capital Management LP has reduced its stake in Kraft Heinz Company by 18.9%, selling 106,721 shares, which left them with 458,702 shares valued at approximately $13.96 million.
• Kraft Heinz recently declared a quarterly dividend of $0.40, with a yield of 5.9% and an ex-dividend date set for August 29th.
• Analysts have set a consensus price target of $29.76 for Kraft Heinz, with 17 analysts rating the stock as "Hold" and only 2 as "Sell".

Invenomic Capital Management LP trimmed its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 18.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 458,702 shares of the company's stock after selling 106,721 shares during the quarter. Invenomic Capital Management LP's holdings in Kraft Heinz were worth $13,958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KHC. Hara Capital LLC grew its position in Kraft Heinz by 61.9% in the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock valued at $52,000 after buying an additional 650 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Kraft Heinz by 43.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 13,034 shares of the company's stock valued at $400,000 after buying an additional 3,922 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Kraft Heinz by 50.0% during the 4th quarter. Benjamin Edwards Inc. now owns 18,166 shares of the company's stock worth $558,000 after buying an additional 6,057 shares during the period. Captrust Financial Advisors grew its position in shares of Kraft Heinz by 71.8% in the 4th quarter. Captrust Financial Advisors now owns 111,341 shares of the company's stock valued at $3,419,000 after purchasing an additional 46,542 shares during the period. Finally, EP Wealth Advisors LLC raised its stake in shares of Kraft Heinz by 4.4% during the 4th quarter. EP Wealth Advisors LLC now owns 58,118 shares of the company's stock worth $1,785,000 after purchasing an additional 2,423 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 0.1%

NASDAQ KHC opened at $26.96 on Friday. The company has a market cap of $31.91 billion, a price-to-earnings ratio of -6.00, a P/E/G ratio of 3.14 and a beta of 0.23. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.53. The business has a 50 day moving average price of $27.43 and a 200-day moving average price of $28.24. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate 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 company posted $0.78 earnings per share. The company's quarterly 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. As a group, equities analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz's dividend payout ratio is presently -35.63%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group set a $28.00 price objective on Kraft Heinz and gave the company a "neutral" rating in a report on Thursday. JPMorgan Chase & Co. started coverage on shares of Kraft Heinz in a report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price target on the stock. Morgan Stanley set a $29.00 price target on shares of Kraft Heinz and gave the company an "equal weight" rating in a report on Wednesday. Stifel Nicolaus decreased their price target on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating on the stock in a report on Wednesday. Finally, Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a report on Friday, August 1st. Seventeen analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $29.76.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the company's 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 transaction, the director owned 40,000 shares in the company, valued at $1,116,400. This represents a 38.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.35% of the company's stock.

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.

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