Norinchukin Bank The Acquires 25,285 Shares of Kraft Heinz Company $KHC

Key Points

• Norinchukin Bank increased its stake in Kraft Heinz Company by 51.5%, owning 74,404 shares valued at approximately $2.26 million as of its latest SEC filing.
• Kraft Heinz reported $0.69 EPS for the last quarter, surpassing analysts' expectations of $0.64, despite a decline in revenue compared to the prior year.
• The company announced a quarterly dividend of $0.40 per share, representing a 5.7% yield and an annualized dividend of $1.60.

Norinchukin Bank The grew its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 51.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,404 shares of the company's stock after buying an additional 25,285 shares during the quarter. Norinchukin Bank The's holdings in Kraft Heinz were worth $2,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of KHC. Rossby Financial LCC bought a new position in shares of Kraft Heinz during the 1st quarter valued at $29,000. Wayfinding Financial LLC bought a new position in shares of Kraft Heinz during the 1st quarter valued at $33,000. Investment Management Corp VA ADV lifted its holdings in shares of Kraft Heinz by 141.7% during the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock valued at $35,000 after buying an additional 669 shares during the period. Pinney & Scofield Inc. bought a new position in shares of Kraft Heinz during the 4th quarter valued at $38,000. Finally, Abound Wealth Management lifted its holdings in shares of Kraft Heinz by 1,157.0% during the 1st quarter. Abound Wealth Management now owns 1,257 shares of the company's stock valued at $38,000 after buying an additional 1,157 shares during the period. 78.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. UBS Group upped their price objective on Kraft Heinz from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. assumed coverage on Kraft Heinz in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 price objective for the company. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. Mizuho set a $29.00 price objective on Kraft Heinz and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Finally, Wells Fargo & Company upped their price objective on Kraft Heinz from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Sixteen investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $30.12.

Kraft Heinz Price Performance

KHC stock traded up $0.19 during trading on Wednesday, reaching $27.89. The company's stock had a trading volume of 8,954,549 shares, compared to its average volume of 12,311,228. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.53. 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 $33.01 billion, a P/E ratio of -6.21, a price-to-earnings-growth ratio of 3.23 and a beta of 0.23. The company's fifty day moving average is $27.22 and its 200-day moving average is $28.31.

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 business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.26 billion. During the same quarter in the prior year, the business posted $0.78 EPS. Kraft Heinz's revenue for the quarter 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. On average, research analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.7%. Kraft Heinz's dividend payout ratio (DPR) is presently -35.63%.

Insider Buying and Selling at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the transaction, the director owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by insiders.

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.