Kraft Heinz Company $KHC Shares Sold by Diligent Investors LLC

Key Points

• Diligent Investors LLC reduced its stake in Kraft Heinz Company by 55% in the second quarter, owning 8,340 shares valued at $215,000 after selling 10,200 shares.
• Vanguard Group significantly increased its holdings by 12.7% during the first quarter, now owning over 101 million shares worth approximately $3.1 billion, while institutional investors collectively hold 78.17% of Kraft Heinz stock.
• Kraft Heinz reported a quarterly EPS of $0.69, exceeding estimates, with total revenue reaching $6.35 billion, despite a 1.9% year-over-year decline.

Diligent Investors LLC trimmed its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 55.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,340 shares of the company's stock after selling 10,200 shares during the period. Diligent Investors LLC's holdings in Kraft Heinz were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Kraft Heinz by 12.7% during the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock worth $3,103,277,000 after purchasing an additional 11,472,071 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Kraft Heinz by 22.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company's stock worth $318,933,000 after buying an additional 1,895,722 shares in the last quarter. Bank of New York Mellon Corp grew 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 valued at $248,665,000 after acquiring an additional 103,548 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Kraft Heinz by 4,390.7% during the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock valued at $226,523,000 after acquiring an additional 7,278,295 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Kraft Heinz by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,875,177 shares of the company's stock valued at $209,201,000 after acquiring an additional 350,067 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Insider Activity

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

Kraft Heinz Price Performance

Kraft Heinz stock opened at $26.06 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. The company has a market cap of $30.84 billion, a price-to-earnings ratio of -5.80, a PEG 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 firm has a 50 day moving average price of $27.02 and a 200 day moving average price of $27.56.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The business's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Sell-side analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on KHC shares. UBS Group set a $28.00 price target on shares of Kraft Heinz and gave the company a "neutral" rating in a research report on Thursday, September 4th. Weiss Ratings reiterated a "sell (d)" rating on shares of Kraft Heinz in a report on Saturday, September 27th. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and raised their price target for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. Stifel Nicolaus reduced their price objective on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating on the stock in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. started coverage on Kraft Heinz in a research note on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price objective on the stock. 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 stock. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of "Reduce" and a consensus 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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