MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in Kraft Heinz Company $KHC

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Kraft Heinz by 19.8% during the first quarter, owning 1,490,791 shares valued at approximately $45.4 million.
• Kraft Heinz reported $0.69 earnings per share (EPS) for its last quarter, exceeding analysts' estimates, despite a 1.9% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.40, resulting in an annualized yield of 5.9%, with the ex-dividend date set for August 29.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 19.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,490,791 shares of the company's stock after acquiring an additional 246,903 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.13% of Kraft Heinz worth $45,358,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Gotham Asset Management LLC increased its stake in shares of Kraft Heinz by 6.8% in the first quarter. Gotham Asset Management LLC now owns 348,862 shares of the company's stock worth $10,616,000 after purchasing an additional 22,215 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Kraft Heinz by 1.3% in the 1st quarter. Alliancebernstein L.P. now owns 898,878 shares of the company's stock worth $27,353,000 after buying an additional 11,121 shares during the period. Banque Transatlantique SA bought a new stake in Kraft Heinz during the first quarter valued at about $40,000. Atalanta Sosnoff Capital LLC raised its holdings in Kraft Heinz by 17.1% during the first quarter. Atalanta Sosnoff Capital LLC now owns 8,900 shares of the company's stock valued at $271,000 after acquiring an additional 1,302 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in Kraft Heinz by 62.0% during the first quarter. Advisors Asset Management Inc. now owns 209,715 shares of the company's stock valued at $6,382,000 after acquiring an additional 80,291 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of KHC stock opened at $27.29 on Friday. Kraft Heinz Company has a 52-week low of $25.44 and a 52-week high of $36.31. 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 firm has a market capitalization of $32.30 billion, a P/E ratio of -6.08, a P/E/G ratio of 3.18 and a beta of 0.23. The stock has a 50 day moving average price of $27.46 and a 200 day moving average price of $28.21.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.26 billion. During the same period last year, the company earned $0.78 EPS. Kraft Heinz's quarterly revenue was down 1.9% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, sell-side analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be issued a $0.40 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.9%. Kraft Heinz's payout ratio is presently -35.63%.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of recent analyst reports. Mizuho set a $29.00 price target on Kraft Heinz and gave the company a "neutral" rating in a report on Wednesday, May 28th. Stifel Nicolaus decreased their price target on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating on the stock in a report on Wednesday. Morgan Stanley set a $29.00 price target on Kraft Heinz and gave the company an "equal weight" rating in a report on Wednesday. Hsbc Global Res upgraded Kraft Heinz to a "hold" rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and raised their price target for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. Seventeen investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Kraft Heinz has a consensus rating of "Reduce" and a consensus target price of $29.76.

Insider Activity

In related 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 completion of the sale, the director owned 40,000 shares in the company, valued at approximately $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company's stock.

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.

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