Russell Investments Group Ltd. Acquires 411,363 Shares of Kraft Heinz Company $KHC

Key Points

• Russell Investments Group Ltd. increased its stake in Kraft Heinz Company by 40.3%, acquiring an additional 411,363 shares in the first quarter, bringing their total ownership to approximately $43.57 million.
• Kraft Heinz reported a quarterly EPS of $0.69, surpassing the consensus estimate of $0.64, although its revenue decreased by 1.9% year-over-year.
• A recent insider transaction saw Director Elio Leoni Sceti selling 25,000 shares for approximately $697,750, resulting in a 38.46% decline in their ownership of Kraft Heinz stock.

Russell Investments Group Ltd. increased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 40.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,431,864 shares of the company's stock after buying an additional 411,363 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Kraft Heinz worth $43,571,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of KHC. Rossby Financial LCC acquired a new position in shares of Kraft Heinz in the 1st quarter worth approximately $29,000. Wayfinding Financial LLC bought a new position in shares of Kraft Heinz in the 1st quarter worth about $33,000. Investment Management Corp VA ADV lifted its stake in shares of Kraft Heinz by 141.7% in the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock valued at $35,000 after purchasing an additional 669 shares during the period. Pinney & Scofield Inc. acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at about $38,000. Finally, Abound Wealth Management lifted its stake in 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 acquiring an additional 1,157 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Price Performance

NASDAQ KHC traded up $0.3250 on Tuesday, reaching $27.5950. 3,005,361 shares of the company's stock traded hands, compared to its average volume of 12,384,027. The stock has a market cap of $32.66 billion, a PE ratio of -6.15, a P/E/G ratio of 3.22 and a beta of 0.23. Kraft Heinz Company has a 12 month low of $25.44 and a 12 month high of $36.53. The stock has a 50-day simple moving average of $27.04 and a 200 day simple moving average of $28.36. 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 released its earnings results 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 company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same quarter last year, the firm earned $0.78 EPS. The firm's quarterly 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. As a group, research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 5.8%. Kraft Heinz's payout ratio is presently -35.63%.

Analyst Ratings Changes

A number of brokerages have issued reports on KHC. UBS Group upped their price objective on shares of Kraft Heinz from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Sanford C. Bernstein cut shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $34.00 to $31.00 in a report on Tuesday, April 22nd. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price objective for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. Finally, DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research report on Friday, May 9th. Sixteen equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $30.35.

Insider Buying and Selling at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the company's 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 directly owned 40,000 shares of the company's stock, valued at $1,116,400. This 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 through the SEC website. Corporate insiders own 0.35% of the company's stock.

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.