Kraft Heinz Company $KHC Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp has reduced its stake in Kraft Heinz by 5.1%, selling 477,625 shares and now holding approximately 0.74% of the company valued at $268.15 million.
• Kraft Heinz reported earnings of $0.69 per share in its latest quarter, surpassing analysts' expectations, but its revenue declined 1.9% year-over-year.
• The company announced a quarterly dividend of $0.40 per share, resulting in a yield of 5.8% for shareholders of record as of August 29th.

Northern Trust Corp decreased its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 5.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,812,066 shares of the company's stock after selling 477,625 shares during the period. Northern Trust Corp owned 0.74% of Kraft Heinz worth $268,151,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KHC. Brooklyn Investment Group increased its position in shares of Kraft Heinz by 94.4% in the 1st quarter. Brooklyn Investment Group now owns 2,443 shares of the company's stock valued at $74,000 after acquiring an additional 1,186 shares during the period. Versor Investments LP acquired a new position in shares of Kraft Heinz in the 1st quarter valued at $630,000. Northwest & Ethical Investments L.P. increased its position in shares of Kraft Heinz by 42.0% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 115,470 shares of the company's stock valued at $3,514,000 after acquiring an additional 34,143 shares during the period. Raymond James Financial Inc. increased its position in shares of Kraft Heinz by 1.1% in the 1st quarter. Raymond James Financial Inc. now owns 1,295,558 shares of the company's stock valued at $39,424,000 after acquiring an additional 14,576 shares during the period. Finally, Cowa LLC increased its position in shares of Kraft Heinz by 59.0% in the 1st quarter. Cowa LLC now owns 16,963 shares of the company's stock valued at $516,000 after acquiring an additional 6,293 shares during the period. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Down 1.1%

Kraft Heinz stock traded down $0.3080 during trading on Monday, hitting $27.7520. The company had a trading volume of 6,658,459 shares, compared to its average volume of 12,308,884. Kraft Heinz Company has a 1-year low of $25.44 and a 1-year high of $36.53. 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 company's 50 day simple moving average is $27.14 and its 200-day simple moving average is $28.33. The stock has a market cap of $32.85 billion, a price-to-earnings ratio of -6.18, a price-to-earnings-growth ratio of 3.27 and a beta of 0.23.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, beating 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 firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter last year, the firm earned $0.78 EPS. The firm's revenue for the quarter 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, analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be paid a $0.40 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.8%. Kraft Heinz's payout ratio is -35.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KHC shares. UBS Group upped their price target on shares of Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Mizuho set a $29.00 price target on shares of Kraft Heinz and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Kraft Heinz in a report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price target for the company. Sixteen analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $30.12.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the business'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 transaction, the director owned 40,000 shares in the company, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by company insiders.

Kraft Heinz 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.