MCF Advisors LLC Trims Position in Kraft Heinz Company $KHC

Key Points

• MCF Advisors LLC reduced its stake in Kraft Heinz Company by 79.3% in the second quarter, leaving it with 3,200 shares valued at approximately $83,000.
• Insider trading revealed that Director Elio Leoni Sceti sold 25,000 shares for about $697,750, reducing his ownership by 38.46%.
• Kraft Heinz has announced a quarterly dividend of $0.40 per share, yielding 6.0%, as it continues to navigate a challenging market environment with a revenue decline of 1.9% year-over-year.

MCF Advisors LLC trimmed its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 79.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,200 shares of the company's stock after selling 12,234 shares during the period. MCF Advisors LLC's holdings in Kraft Heinz were worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of KHC. Swedbank AB boosted its holdings in shares of Kraft Heinz by 13.6% in the first 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 period. Versant Capital Management Inc lifted its holdings in shares of Kraft Heinz by 493.4% in the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock worth $376,000 after buying an additional 10,272 shares during the period. Bard Financial Services Inc. grew its position in shares of Kraft Heinz by 24.5% during the 2nd quarter. Bard Financial Services Inc. now owns 104,225 shares of the company's stock worth $2,691,000 after buying an additional 20,500 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of Kraft Heinz by 7.8% during the first quarter. D.A. Davidson & CO. now owns 90,252 shares of the company's stock valued at $2,746,000 after buying an additional 6,551 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Kraft Heinz by 1.3% in the first 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 in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction on Friday, July 18th. The shares were 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 approximately $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 SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company's stock.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $26.56 on Wednesday. The company has a 50 day simple moving average of $27.37 and a two-hundred day simple moving average of $27.81. The stock has a market cap of $31.44 billion, a price-to-earnings ratio of -5.92, a PEG ratio of 3.08 and a beta of 0.23. 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 Company has a 12 month low of $25.44 and a 12 month high of $36.31.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued 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. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The business had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.26 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The company's revenue for the quarter was down 1.9% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.0%. Kraft Heinz's dividend payout ratio (DPR) is currently -35.63%.

Analyst Upgrades and Downgrades

KHC has been the topic of several recent research reports. UBS Group set a $28.00 target price on shares of Kraft Heinz and gave the stock a "neutral" rating in a report on Thursday, September 4th. Mizuho set a $29.00 price objective on shares of Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. Stifel Nicolaus dropped their target price 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, Hsbc Global Res upgraded Kraft Heinz to a "hold" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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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