Jump Financial LLC Lowers Stock Holdings in Kraft Heinz Company $KHC

Key Points

• Jump Financial LLC significantly reduced its stake in Kraft Heinz Company by 59.7% during the first quarter, holding 61,588 shares valued at approximately $1.87 million.
• Kraft Heinz announced a quarterly dividend of $0.40 per share, representing an annualized dividend yield of 5.7%, scheduled to be paid on September 26th.
• The company reported earnings per share of $0.69 for the last quarter, exceeding analyst expectations, although its revenue saw a 1.9% decline year-over-year.

Jump Financial LLC decreased its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 59.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,588 shares of the company's stock after selling 91,396 shares during the quarter. Jump Financial LLC's holdings in Kraft Heinz were worth $1,874,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in shares of Kraft Heinz by 40.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 11,310 shares of the company's stock worth $342,000 after acquiring an additional 3,249 shares in the last quarter. Haverford Trust Co bought a new stake in shares of Kraft Heinz in the 1st quarter worth $240,000. Allstate Corp grew its stake in shares of Kraft Heinz by 28.6% in the 1st quarter. Allstate Corp now owns 34,510 shares of the company's stock worth $1,050,000 after acquiring an additional 7,667 shares in the last quarter. Compound Planning Inc. bought a new stake in shares of Kraft Heinz in the 1st quarter worth $223,000. Finally, 1832 Asset Management L.P. grew its stake in shares of Kraft Heinz by 11.4% in the 1st quarter. 1832 Asset Management L.P. now owns 77,603 shares of the company's stock worth $2,361,000 after acquiring an additional 7,962 shares in the last quarter. Institutional investors own 78.17% of the company's stock.

Insider Buying and Selling

In other news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the sale, the director directly owned 40,000 shares of the company's stock, valued at approximately $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.35% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KHC shares. Mizuho set a $29.00 price target on shares of Kraft Heinz and gave the company a "neutral" rating in a research report on Wednesday, May 28th. DZ Bank lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research report on Friday, May 9th. JPMorgan Chase & Co. started coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price target for the company. Wells Fargo & Company increased their price target on shares of Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Finally, The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price target for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. Sixteen equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Kraft Heinz presently has an average rating of "Reduce" and an average target price of $30.12.

Kraft Heinz Stock Performance

NASDAQ KHC traded up $0.33 during trading on Friday, hitting $27.97. 23,587,253 shares of the company's stock traded hands, compared to its average volume of 11,126,702. The stock has a market capitalization of $33.11 billion, a price-to-earnings ratio of -6.23, a PEG ratio of 3.26 and a beta of 0.23. Kraft Heinz Company has a 12-month low of $25.44 and a 12-month high of $36.53. 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 business has a 50 day moving average of $27.34 and a 200-day moving average of $28.29.

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

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 5.7%. Kraft Heinz's dividend payout ratio is -35.63%.

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.