UMB Bank n.a. Boosts Holdings in Kraft Heinz Company $KHC

Key Points

• UMB Bank n.a. increased its investment in Kraft Heinz Company by 104.2% during the second quarter, owning a total of 20,177 shares valued at $521,000.
• Kraft Heinz recently reported earnings of $0.69 per share, exceeding expectations, and plans to distribute a quarterly dividend of $0.40 on September 26th.
• Analysts maintain a consensus rating of "Reduce" on Kraft Heinz stock, with an average price target set at $29.76.

UMB Bank n.a. lifted its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 104.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,177 shares of the company's stock after purchasing an additional 10,294 shares during the period. UMB Bank n.a.'s holdings in Kraft Heinz were worth $521,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KHC. Vanguard Group Inc. lifted its position in shares of Kraft Heinz by 12.7% in the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock valued at $3,103,277,000 after acquiring an additional 11,472,071 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Kraft Heinz by 22.1% in 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 valued at $318,933,000 after purchasing an additional 1,895,722 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Kraft Heinz by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company's stock valued at $248,665,000 after purchasing an additional 103,548 shares in the last quarter. Pacer Advisors Inc. boosted its stake in 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 purchasing an additional 7,278,295 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kraft Heinz by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,875,177 shares of the company's stock worth $209,201,000 after buying an additional 350,067 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Down 0.2%

Shares of NASDAQ:KHC opened at $26.38 on Tuesday. The firm has a market capitalization of $31.22 billion, a PE ratio of -5.88, a price-to-earnings-growth ratio of 3.08 and a beta of 0.23. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The firm's 50-day moving average is $27.38 and its two-hundred day moving average is $27.82.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced 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 the consensus estimate of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Analysts predict 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. Stockholders of record on Friday, August 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, August 29th. Kraft Heinz's dividend payout ratio (DPR) is presently -35.63%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KHC shares. 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 target on the stock. Mizuho set a $29.00 target price on Kraft Heinz and gave the stock a "neutral" rating in a report on Wednesday, May 28th. UBS Group set a $28.00 price target on Kraft Heinz and gave the company a "neutral" rating in a report on Thursday, September 4th. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. Finally, Morgan Stanley set a $29.00 target price on Kraft Heinz and gave the company an "equal weight" rating in a report on Wednesday, September 3rd. Seventeen investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $29.76.

Insider Transactions at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the business'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 completion of the transaction, the director directly owned 40,000 shares of the company's stock, valued at $1,116,400. The trade was a 38.46% decrease in their position. The transaction 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.

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.

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