Mn Services Vermogensbeheer B.V. Purchases 24,400 Shares of Kraft Heinz Company $KHC

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Kraft Heinz Company by 7.9%, owning 335,000 shares valued at approximately $8.65 million at the end of the reporting period.
• Notable hedge fund activity includes Vanguard Group, which raised its stake by 12.7% to over 101 million shares, and UBS Asset Management, which increased its holdings by 22.1%.
• Kraft Heinz recently declared a dividend of $0.40 per share, representing an annualized dividend yield of 6.1%, with the ex-dividend date being August 29th.

Mn Services Vermogensbeheer B.V. lifted its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 7.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 335,000 shares of the company's stock after purchasing an additional 24,400 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Kraft Heinz were worth $8,650,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Rossby Financial LCC bought a new position in Kraft Heinz during the first quarter valued at about $29,000. Wayfinding Financial LLC bought a new position in Kraft Heinz during the first quarter valued at about $33,000. Investment Management Corp VA ADV increased its stake in Kraft Heinz by 141.7% during the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock valued at $35,000 after acquiring an additional 669 shares during the period. Pinney & Scofield Inc. bought a new position in Kraft Heinz during the fourth quarter valued at about $38,000. Finally, Abound Wealth Management increased its stake in Kraft Heinz by 1,157.0% during the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock valued at $38,000 after acquiring an additional 1,157 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KHC has been the topic of several research reports. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their price target for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. Wells Fargo & Company lowered their price target on Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 3rd. Hsbc Global Res upgraded Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. UBS Group set a $28.00 price target on Kraft Heinz and gave the company a "neutral" rating in a research note on Thursday, September 4th. Finally, Stifel Nicolaus lowered their price objective on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating on the stock in a research note on Wednesday, September 3rd. Seventeen equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Kraft Heinz has an average rating of "Reduce" and an average target price of $29.76.

Insider Activity at Kraft Heinz

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 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 position. The sale 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 Trading Up 1.3%

NASDAQ:KHC traded up $0.34 during trading hours on Friday, hitting $26.42. 33,010,362 shares of the stock were exchanged, compared to its average volume of 15,796,184. The company's 50 day moving average is $27.41 and its two-hundred day moving average is $27.89. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.31. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $31.27 billion, a P/E ratio of -5.88, a price-to-earnings-growth ratio of 3.08 and a beta of 0.23.

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

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.1%. Kraft Heinz's payout ratio is presently -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.