Quintet Private Bank Europe S.A. Sells 217,892 Shares of Kraft Heinz Company $KHC

Key Points

• Quintet Private Bank Europe S.A. significantly reduced its holdings in Kraft Heinz Company, selling 217,892 shares and trimming its stake by 73.6% during the second quarter.
• Kraft Heinz reported earnings per share of $0.69 for the last quarter, surpassing analysts' expectations, although its revenue was down 1.9% year-over-year.
• The company announced a quarterly dividend of $0.40 per share, representing a yield of 6.1%, to be paid on September 26th.

Quintet Private Bank Europe S.A. trimmed its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 73.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,165 shares of the company's stock after selling 217,892 shares during the quarter. Quintet Private Bank Europe S.A.'s holdings in Kraft Heinz were worth $2,018,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Kraft Heinz by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock worth $3,103,277,000 after purchasing an additional 11,472,071 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Kraft Heinz by 22.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company's stock worth $318,933,000 after acquiring an additional 1,895,722 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Kraft Heinz by 23.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company's stock worth $263,650,000 after acquiring an additional 1,628,516 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Kraft Heinz by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company's stock worth $248,665,000 after acquiring an additional 103,548 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Kraft Heinz by 4,390.7% during the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock worth $226,523,000 after acquiring an additional 7,278,295 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Trading Down 1.5%

Shares of Kraft Heinz stock opened at $26.13 on Monday. The business has a fifty day simple moving average of $27.47 and a two-hundred day simple moving average of $28.04. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.31. The company has a market capitalization of $30.93 billion, a price-to-earnings ratio of -5.82, a P/E/G ratio of 3.05 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.

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 the consensus estimate of $0.64 by $0.05. The business had revenue of $6.35 billion during 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 company's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed 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 yield of 6.1%. Kraft Heinz's dividend payout ratio (DPR) is presently -35.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stifel Nicolaus cut their price objective on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a report on Wednesday, September 3rd. Mizuho set a $29.00 price objective on Kraft Heinz and gave the company a "neutral" rating in a report on Wednesday, May 28th. Hsbc Global Res raised Kraft Heinz to a "hold" rating in a report on Friday, August 1st. Wells Fargo & Company cut their price objective on Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday, September 3rd. Finally, UBS Group set a $28.00 price objective on Kraft Heinz and gave the company a "neutral" rating in a report on Thursday, September 4th. Seventeen equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Kraft Heinz has a consensus rating of "Reduce" and a consensus target price of $29.76.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by insiders.

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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