UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $318.93 Million Stock Holdings in Kraft Heinz Company $KHC

Key Points

• UBS Asset Management increased its stake in Kraft Heinz by 22.1%, holding approximately $318.93 million worth of shares as of their latest SEC filing.
• Analysts have mixed ratings on Kraft Heinz, with JPMorgan assigning a "neutral" rating and price targets ranging from $25.00 to $29.00, suggesting cautious sentiment towards the stock.
• Kraft Heinz announced a quarterly dividend of $0.40 per share, translating to an annualized yield of 6.0%, with the dividend payment scheduled for September 26th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 22.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,480,889 shares of the company's stock after buying an additional 1,895,722 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.89% of Kraft Heinz worth $318,933,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Rossby Financial LCC acquired a new stake in shares of Kraft Heinz during the first quarter worth $29,000. Wayfinding Financial LLC acquired a new stake in Kraft Heinz in the 1st quarter worth about $33,000. Investment Management Corp VA ADV raised its stake in Kraft Heinz by 141.7% in the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock worth $35,000 after purchasing an additional 669 shares in the last quarter. Pinney & Scofield Inc. acquired a new stake in Kraft Heinz in the 4th quarter worth about $38,000. Finally, Abound Wealth Management raised its stake in Kraft Heinz by 1,157.0% in the 1st quarter. Abound Wealth Management now owns 1,257 shares of the company's stock worth $38,000 after purchasing an additional 1,157 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Kraft Heinz in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 price objective for the company. Morgan Stanley set a $29.00 price objective on shares of Kraft Heinz and gave the stock an "equal weight" rating in a research note on Wednesday, September 3rd. Wells Fargo & Company dropped their price objective on shares of 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. Stifel Nicolaus dropped their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Wednesday, September 3rd. Finally, The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their target price for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. Seventeen equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $29.76.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $26.65 on Thursday. Kraft Heinz Company has a 12-month low of $25.44 and a 12-month high of $36.31. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The business's 50-day moving average price is $27.48 and its two-hundred day moving average price is $28.15. The stock has a market cap of $31.54 billion, a PE ratio of -5.94, a P/E/G ratio of 3.11 and a beta of 0.23.

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

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be issued 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 dividend yield of 6.0%. Kraft Heinz's payout ratio is -35.63%.

Insider Activity

In related news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the sale, the director directly owned 40,000 shares of the company's stock, valued at approximately $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 this hyperlink. Company insiders own 0.35% of the company's stock.

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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