Robeco Institutional Asset Management B.V. Has $37.02 Million Stake in Kraft Heinz Company $KHC

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,433,819 shares of the company's stock after selling 21,217 shares during the period. Robeco Institutional Asset Management B.V. owned 0.12% of Kraft Heinz worth $37,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KHC. GAMMA Investing LLC increased its stake in shares of Kraft Heinz by 3,799.2% in the 1st quarter. GAMMA Investing LLC now owns 480,611 shares of the company's stock valued at $15,794,000 after buying an additional 468,285 shares during the period. NBC Securities Inc. increased its stake in shares of Kraft Heinz by 113,083.3% in the 1st quarter. NBC Securities Inc. now owns 6,791 shares of the company's stock valued at $206,000 after buying an additional 6,785 shares during the period. Merit Financial Group LLC increased its stake in shares of Kraft Heinz by 16.1% in the 1st quarter. Merit Financial Group LLC now owns 14,596 shares of the company's stock valued at $444,000 after buying an additional 2,023 shares during the period. Thrive Wealth Management LLC acquired a new stake in shares of Kraft Heinz in the 1st quarter valued at $288,000. Finally, Armstrong Fleming & Moore Inc acquired a new stake in shares of Kraft Heinz in the 1st quarter valued at $227,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stifel Nicolaus lowered their target price on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Wednesday, September 3rd. Morgan Stanley set a $29.00 target price on Kraft Heinz and gave the company an "equal weight" rating in a research note on Wednesday, September 3rd. Hsbc Global Res raised Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. Wells Fargo & Company decreased their price objective on Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Kraft Heinz in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of "Reduce" and a consensus price target of $29.76.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz 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 transaction, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company's stock.

Kraft Heinz Stock Performance

KHC stock opened at $26.06 on Friday. The business's 50-day moving average price is $27.02 and its two-hundred day moving average price is $27.58. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The firm has a market cap of $30.84 billion, a PE ratio of -5.80, a P/E/G ratio of 3.04 and a beta of 0.16. Kraft Heinz Company has a 1-year low of $25.35 and a 1-year high of $36.31.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share 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 analyst estimates 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 revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, research analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

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

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