Kraft Heinz Company $KHC Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Kraft Heinz by 13.0%, acquiring an additional 46,085 shares, bringing its total holdings to 400,562 shares valued at over $10 million.
• Kraft Heinz's recent quarterly earnings report showed an EPS of $0.69, surpassing estimates, although revenue for the quarter was down 1.9% year-over-year, totaling $6.35 billion.
• The company's board recently declared a quarterly dividend of $0.40, representing a 6.1% dividend yield with an annualized total of $1.60 per share.

Mirae Asset Global Investments Co. Ltd. raised its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 13.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 400,562 shares of the company's stock after buying an additional 46,085 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Kraft Heinz were worth $10,343,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Swedbank AB raised its stake in Kraft Heinz by 13.6% in the 1st quarter. Swedbank AB now owns 878,684 shares of the company's stock valued at $26,738,000 after purchasing an additional 104,872 shares during the last quarter. Bard Financial Services Inc. raised its position in shares of Kraft Heinz by 24.5% in the second quarter. Bard Financial Services Inc. now owns 104,225 shares of the company's stock valued at $2,691,000 after buying an additional 20,500 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Kraft Heinz by 7.8% in the first quarter. D.A. Davidson & CO. now owns 90,252 shares of the company's stock worth $2,746,000 after buying an additional 6,551 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Kraft Heinz by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company's stock worth $248,665,000 after acquiring an additional 103,548 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Kraft Heinz by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 15,794 shares of the company's stock valued at $481,000 after acquiring an additional 3,468 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of KHC opened at $26.06 on Monday. The firm has a 50-day simple moving average of $27.02 and a two-hundred day simple moving average of $27.55. The stock has a market cap of $30.84 billion, a PE ratio of -5.80, a P/E/G ratio of 3.04 and a beta of 0.16. Kraft Heinz Company has a 1-year low of $25.35 and a 1-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.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued 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. 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 for the quarter, compared to analyst estimates of $6.26 billion. During the same period in the prior year, the business posted $0.78 EPS. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Friday, August 29th. Kraft Heinz's payout ratio is currently -35.63%.

Insider Transactions at Kraft Heinz

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 completion of the transaction, the director directly owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Kraft Heinz in a research note on Saturday, September 27th. UBS Group set a $28.00 price objective on Kraft Heinz and gave the stock a "neutral" rating in a research note on Thursday, September 4th. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and raised their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. DZ Bank raised shares of Kraft Heinz from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. Finally, Wells Fargo & Company cut their price objective on shares of 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 investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $29.76.

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.

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