Price T Rowe Associates Inc. MD Raises Stock Holdings in Kraft Heinz Company $KHC

Key Points

• Price T Rowe Associates Inc. increased its stake in Kraft Heinz Company (NASDAQ:KHC) by 2.0%, owning 1,293,161 shares valued at approximately $39.35 million.
• Analysts have mixed views on Kraft Heinz, with UBS raising the price target from $29 to $30, while DZ Bank lowered its rating from "buy" to "hold" with a target of $31.
• Kraft Heinz recently announced a quarterly dividend of $0.40 per share, representing a 5.7% yield, with an ex-dividend date set for August 29th.

Price T Rowe Associates Inc. MD raised its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,293,161 shares of the company's stock after purchasing an additional 25,324 shares during the period. Price T Rowe Associates Inc. MD owned 0.11% of Kraft Heinz worth $39,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Candriam S.C.A. boosted its stake in Kraft Heinz by 11.7% during the first quarter. Candriam S.C.A. now owns 97,777 shares of the company's stock valued at $2,975,000 after buying an additional 10,260 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in Kraft Heinz by 14.4% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 60,231 shares of the company's stock valued at $1,833,000 after buying an additional 7,591 shares during the period. GM Advisory Group LLC boosted its stake in Kraft Heinz by 14.4% during the first quarter. GM Advisory Group LLC now owns 19,231 shares of the company's stock valued at $585,000 after buying an additional 2,417 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Kraft Heinz by 0.3% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 296,126 shares of the company's stock valued at $9,011,000 after buying an additional 872 shares during the period. Finally, M Holdings Securities Inc. bought a new stake in Kraft Heinz during the first quarter valued at $825,000. 78.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group lifted their price target on Kraft Heinz from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. DZ Bank lowered Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research note on Friday, May 9th. Hsbc Global Res raised Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. Mizuho set a $29.00 price target on Kraft Heinz and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Finally, Wells Fargo & Company boosted their target price on Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Sixteen analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $30.12.

Kraft Heinz Stock Up 0.7%

Shares of NASDAQ:KHC opened at $27.89 on Thursday. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.53. The company has a market cap of $33.01 billion, a PE ratio of -6.21, a P/E/G 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 stock's 50-day moving average is $27.26 and its 200 day moving average is $28.31.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter in the previous year, the business earned $0.78 EPS. Kraft Heinz's 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. Sell-side analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current 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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz's payout ratio is currently -35.63%.

Insider Activity at Kraft Heinz

In other 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 sale, the director directly owned 40,000 shares of the company's stock, valued at $1,116,400. The trade was a 38.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.35% of the stock is currently owned by corporate 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.

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