Kraft Heinz Company $KHC Shares Sold by Kendall Capital Management

Key Points

• Kendall Capital Management reduced its stake in Kraft Heinz by 13.6% in the second quarter, now holding 70,875 shares valued at approximately $1.83 million.
• Kraft Heinz announced a quarterly dividend of $0.40 per share, representing an annualized dividend of $1.60 and a yield of 6.1%.
• Analysts have set an average price target of $29.76 for Kraft Heinz, with a mix of ratings ranging from "Strong Buy" to "Sell" across various reports.

Kendall Capital Management lowered its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 13.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,875 shares of the company's stock after selling 11,190 shares during the quarter. Kendall Capital Management's holdings in Kraft Heinz were worth $1,830,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Kraft Heinz by 12.7% in the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock valued at $3,103,277,000 after purchasing an additional 11,472,071 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Kraft Heinz by 22.1% during 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 during the last quarter. Bank of New York Mellon Corp lifted its holdings in Kraft Heinz by 1.3% during 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 buying an additional 103,548 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Kraft Heinz by 4,390.7% in the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock worth $226,523,000 after purchasing an additional 7,278,295 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Kraft Heinz by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,875,177 shares of the company's stock worth $209,201,000 after purchasing an additional 350,067 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Insider Activity at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the business's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the transaction, the director directly owned 40,000 shares of the company's stock, valued at $1,116,400. The trade was a 38.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by insiders.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $26.05 on Friday. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.31. The business has a 50-day moving average of $27.27 and a two-hundred day moving average of $27.73. The stock has a market capitalization of $30.83 billion, a P/E ratio of -5.80, a P/E/G ratio of 3.01 and a beta of 0.23. 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 posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The business 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%.The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, equities research analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders 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 of this dividend was Friday, August 29th. Kraft Heinz's payout ratio is presently -35.63%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. DZ Bank raised Kraft Heinz from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. Hsbc Global Res upgraded Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. Stifel Nicolaus decreased their target price on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating on the stock in a report on Wednesday, September 3rd. JPMorgan Chase & Co. assumed coverage on Kraft Heinz in a report on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 target price on the stock. Finally, Morgan Stanley set a $29.00 price target on Kraft Heinz and gave the company an "equal weight" rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $29.76.

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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