Kraft Heinz Company $KHC Stock Holdings Decreased by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC has reduced its stake in Kraft Heinz Company by 11.9%, now holding 522,100 shares valued at approximately $15.9 million.
• Recent analyst reports indicate a mix of ratings for Kraft Heinz, with Goldman Sachs upgrading to "neutral" while DZ Bank downgraded to "hold."
• Kraft Heinz has declared a quarterly dividend of $0.40, providing an annualized dividend yield of 5.8%, marking a notable aspect of its financial commitment to shareholders.

Gabelli Funds LLC lowered its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 11.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 522,100 shares of the company's stock after selling 70,300 shares during the period. Gabelli Funds LLC's holdings in Kraft Heinz were worth $15,888,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of KHC. Hara Capital LLC grew its position in shares of Kraft Heinz by 61.9% during the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock valued at $52,000 after buying an additional 650 shares during the last quarter. Marshall Wace LLP grew its position in shares of Kraft Heinz by 99.1% during the 4th quarter. Marshall Wace LLP now owns 28,469 shares of the company's stock valued at $874,000 after buying an additional 14,169 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Kraft Heinz by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,267,837 shares of the company's stock valued at $38,936,000 after buying an additional 10,702 shares during the last quarter. Nebula Research & Development LLC grew its position in shares of Kraft Heinz by 164.1% during the 4th quarter. Nebula Research & Development LLC now owns 15,441 shares of the company's stock valued at $474,000 after buying an additional 9,595 shares during the last quarter. Finally, Capital Analysts LLC grew its position in shares of Kraft Heinz by 50.5% during the 4th quarter. Capital Analysts LLC now owns 1,507 shares of the company's stock valued at $47,000 after buying an additional 506 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KHC. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. DZ Bank downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research report on Friday, May 9th. UBS Group boosted their target price on shares of Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Finally, Wells Fargo & Company boosted their target price on shares of Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Sixteen analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $30.12.

Insider Buying and Selling at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction that occurred 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 directly owned 40,000 shares of the company's stock, valued at approximately $1,116,400. This represents a 38.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company's stock.

Kraft Heinz Trading Up 0.0%

Shares of NASDAQ:KHC opened at $27.70 on Wednesday. The company has a 50 day moving average of $27.22 and a 200-day moving average of $28.31. The firm has a market cap of $32.79 billion, a P/E ratio of -6.17, a P/E/G ratio of 3.23 and a beta of 0.23. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz's dividend payout ratio is currently -35.63%.

Kraft Heinz Company 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.

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraft Heinz Company (NASDAQ:KHC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.