Kraft Heinz Company $KHC Shares Acquired by Shell Asset Management Co.

Key Points

• Shell Asset Management Co. increased its stake in Kraft Heinz Company by 89.7% in the second quarter, owning 90,450 shares valued at approximately $2.3 million.
• Kraft Heinz posted earnings per share of $0.69 for the last quarter, exceeding analysts' estimates of $0.64, despite a 1.9% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 6.4%, which was paid to investors of record on August 29th.

Shell Asset Management Co. increased its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 89.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,450 shares of the company's stock after purchasing an additional 42,758 shares during the quarter. Shell Asset Management Co.'s holdings in Kraft Heinz were worth $2,335,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of KHC. Rossby Financial LCC acquired a new position in shares of Kraft Heinz in the 1st quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in Kraft Heinz during the first quarter valued at approximately $33,000. Investment Management Corp VA ADV grew its holdings 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 valued at $35,000 after purchasing an additional 669 shares during the last quarter. Abound Wealth Management grew its holdings in Kraft Heinz by 1,157.0% during the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock valued at $38,000 after purchasing an additional 1,157 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of Kraft Heinz in the first quarter worth $40,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $25.08 on Thursday. The firm has a market cap of $29.68 billion, a price-to-earnings ratio of -5.59, a P/E/G ratio of 2.97 and a beta of 0.16. Kraft Heinz Company has a one year low of $24.95 and a one year high of $36.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The stock's fifty day moving average price is $26.83 and its two-hundred day moving average price is $27.49.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. The company 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 quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Friday, August 29th. Kraft Heinz's dividend payout ratio is currently -35.63%.

Insider Buying and Selling at Kraft Heinz

In related 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 transaction of $697,750.00. Following the completion of the sale, the director directly 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 filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group reduced their target price on Kraft Heinz from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday. Morgan Stanley set a $29.00 price objective on Kraft Heinz and gave the company an "equal weight" rating in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Kraft Heinz in a report on Wednesday. JPMorgan Chase & Co. began coverage on Kraft Heinz in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 price objective for the company. Finally, Wells Fargo & Company decreased their target price on Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $29.71.

About Kraft Heinz

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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