Te Ahumairangi Investment Management Ltd Sells 11,700 Shares of Kraft Heinz Company $KHC

Key Points

• Te Ahumairangi Investment Management Ltd reduced its holdings in Kraft Heinz Company by 6.3%, now owning 173,183 shares valued at approximately $5.27 million.
• Several institutional investors, including Vanguard Group Inc. and Pacer Advisors Inc., have increased their stakes in Kraft Heinz, with Vanguard's holdings worth over $3.1 billion.
• Kraft Heinz declared a quarterly dividend of $0.40 per share, with an expected yield of 5.8%, and will be paid to shareholders on September 26th.

Te Ahumairangi Investment Management Ltd lowered its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 173,183 shares of the company's stock after selling 11,700 shares during the quarter. Te Ahumairangi Investment Management Ltd's holdings in Kraft Heinz were worth $5,270,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Rossby Financial LCC bought a new position in Kraft Heinz during the first quarter valued at about $29,000. Wayfinding Financial LLC purchased a new stake in Kraft Heinz during the first quarter valued at about $33,000. Investment Management Corp VA ADV lifted its holdings in Kraft Heinz by 141.7% during the first 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 last quarter. Pinney & Scofield Inc. purchased a new stake in Kraft Heinz during the fourth quarter valued at about $38,000. Finally, Abound Wealth Management lifted its holdings in Kraft Heinz by 1,157.0% during the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock valued at $38,000 after purchasing an additional 1,157 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock traded up $0.33 on Monday, reaching $27.97. The stock had a trading volume of 23,587,253 shares, compared to its average volume of 11,459,742. 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 $33.11 billion, a P/E ratio of -6.23, a price-to-earnings-growth ratio of 3.26 and a beta of 0.23. 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 business's 50 day moving average is $27.34 and its two-hundred day moving average is $28.28.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. Kraft Heinz's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, research analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Friday, August 29th. Kraft Heinz's dividend payout ratio is -35.63%.

Wall Street Analyst Weigh In

KHC has been the topic of several recent research reports. Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a report on Friday, August 1st. DZ Bank downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a report on Friday, May 9th. Wells Fargo & Company upped their price objective on shares of Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Mizuho set a $29.00 price target on shares of Kraft Heinz and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Finally, UBS Group increased their price target on shares of Kraft Heinz from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Sixteen research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $30.12.

Insider Buying and Selling at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the transaction, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.35% of the company's stock.

About Kraft Heinz

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.