Newport Trust Company LLC Has $82.31 Million Holdings in Kraft Heinz Company $KHC

Key Points

• Newport Trust Company LLC reduced its stake in Kraft Heinz Company by 3.9%, selling 108,480 shares and owning 2,704,918 shares valued at approximately $82.3 million.
• Several institutional investors increased their positions in Kraft Heinz during the 4th quarter, with increases as high as 99.1% by Marshall Wace LLP.
• Kraft Heinz recently declared a quarterly dividend of $0.40 per share, reflecting an annualized yield of 5.8%, with an ex-dividend date on August 29th.

Newport Trust Company LLC cut its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,704,918 shares of the company's stock after selling 108,480 shares during the period. Newport Trust Company LLC owned approximately 0.23% of Kraft Heinz worth $82,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hara Capital LLC raised its stake in shares of Kraft Heinz by 61.9% in the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock valued at $52,000 after purchasing an additional 650 shares during the period. Marshall Wace LLP raised its stake in shares of Kraft Heinz by 99.1% in the 4th quarter. Marshall Wace LLP now owns 28,469 shares of the company's stock valued at $874,000 after purchasing an additional 14,169 shares during the period. Hsbc Holdings PLC raised its stake in shares of Kraft Heinz by 15.1% in the 4th quarter. Hsbc Holdings PLC now owns 2,239,627 shares of the company's stock valued at $68,637,000 after purchasing an additional 293,395 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Kraft Heinz by 0.9% in 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 purchasing an additional 10,702 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of Kraft Heinz by 12.4% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 824,732 shares of the company's stock valued at $25,328,000 after purchasing an additional 90,800 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Mizuho set a $29.00 price target on Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Hsbc Global Res upgraded Kraft Heinz to a "hold" rating in a report on Friday, August 1st. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. initiated coverage on Kraft Heinz in a report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price target for the company. Sixteen analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $30.12.

Kraft Heinz Price Performance

KHC traded down $0.03 during trading on Wednesday, hitting $27.68. 2,857,501 shares of the stock traded hands, compared to its average volume of 12,302,396. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53. The company has a market cap of $32.76 billion, a price-to-earnings ratio of -6.16, a PEG ratio of 3.23 and a beta of 0.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The business has a 50 day moving average price of $27.22 and a 200 day moving average price of $28.31.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced 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. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The company's revenue was down 1.9% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Equities research analysts forecast 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 issued 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 5.8%. Kraft Heinz's dividend payout ratio is -35.63%.

Insider Activity

In other 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.35% of the company's stock.

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.