Janney Montgomery Scott LLC decreased its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 38.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 203,829 shares of the company's stock after selling 128,585 shares during the period. Janney Montgomery Scott LLC's holdings in Kraft Heinz were worth $5,263,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in KHC. Swedbank AB increased its position in shares of Kraft Heinz by 13.6% during the first quarter. Swedbank AB now owns 878,684 shares of the company's stock valued at $26,738,000 after buying an additional 104,872 shares during the period. Bard Financial Services Inc. grew its stake in Kraft Heinz by 24.5% during the second quarter. Bard Financial Services Inc. now owns 104,225 shares of the company's stock valued at $2,691,000 after acquiring an additional 20,500 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Kraft Heinz by 7.8% during the 1st quarter. D.A. Davidson & CO. now owns 90,252 shares of the company's stock worth $2,746,000 after acquiring an additional 6,551 shares during the period. Bank of New York Mellon Corp lifted its stake in 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 worth $248,665,000 after purchasing an additional 103,548 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Kraft Heinz by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 15,794 shares of the company's stock worth $481,000 after purchasing an additional 3,468 shares in the last quarter. Institutional investors own 78.17% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on KHC. Weiss Ratings restated a "sell (d)" rating on shares of Kraft Heinz in a research report on Saturday, September 27th. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and lifted 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 target price on Kraft Heinz and gave the stock a "neutral" rating in a research note on Thursday, September 4th. Hsbc Global Res raised Kraft Heinz to a "hold" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. assumed coverage on Kraft Heinz in a report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $29.76.
Read Our Latest Stock Report on Kraft Heinz
Kraft Heinz Stock Performance
NASDAQ KHC opened at $25.27 on Tuesday. The company has a 50-day simple moving average of $26.96 and a two-hundred day simple moving average of $27.52. Kraft Heinz Company has a 12-month low of $25.24 and a 12-month high of $36.31. The firm has a market cap of $29.91 billion, a price-to-earnings ratio of -5.63, a PEG ratio of 3.04 and a beta of 0.16. 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, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.26 billion. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The company's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were given a $0.40 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 6.3%. Kraft Heinz's payout ratio is presently -35.63%.
Insider Buying and Selling at Kraft Heinz
In other news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.35% of the company's stock.
Kraft Heinz Company Profile
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Free Report)
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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