USS Investment Management Ltd Sells 222,900 Shares of Kraft Heinz Company $KHC

Key Points

• USS Investment Management Ltd reduced its stake in Kraft Heinz Company by 62.4% in the first quarter, holding approximately $4.09 million worth of shares after selling 222,900 shares.
• Vanguard Group Inc. and Pacer Advisors Inc. significantly increased their positions in Kraft Heinz, growing their holdings by 12.7% and 4,390.7% respectively during the same quarter.
• Kraft Heinz announced a quarterly dividend of $0.40 per share, which will be paid on September 26th, resulting in an annualized dividend yield of 5.9%.

USS Investment Management Ltd lessened its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 62.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,319 shares of the company's stock after selling 222,900 shares during the period. USS Investment Management Ltd's holdings in Kraft Heinz were worth $4,087,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in Kraft Heinz by 493.4% in the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock worth $376,000 after purchasing an additional 10,272 shares during the last quarter. D.A. Davidson & CO. raised its position in Kraft Heinz by 7.8% in the 1st quarter. D.A. Davidson & CO. now owns 90,252 shares of the company's stock worth $2,746,000 after purchasing an additional 6,551 shares during the last quarter. Bank of New York Mellon Corp raised its position 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 worth $248,665,000 after purchasing an additional 103,548 shares during the last quarter. GAMMA Investing LLC raised its position in Kraft Heinz by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 15,794 shares of the company's stock worth $481,000 after purchasing an additional 3,468 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Kraft Heinz by 58.3% during the 1st quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company's stock worth $671,000 after acquiring an additional 8,144 shares during the period. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Down 1.5%

NASDAQ:KHC traded down $0.39 on Friday, hitting $26.13. 17,146,159 shares of the company's stock were exchanged, compared to its average volume of 12,672,068. The firm has a 50-day moving average price of $27.48 and a 200-day moving average price of $28.11. 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 Company has a 52 week low of $25.44 and a 52 week high of $36.31. The company has a market cap of $30.93 billion, a P/E ratio of -5.82, a price-to-earnings-growth ratio of 3.11 and a beta of 0.23.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping 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 firm had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.26 billion. During the same period in the previous year, the firm posted $0.78 EPS. The company's revenue for the quarter was down 1.9% on a year-over-year basis. 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 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be given 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 6.1%. Kraft Heinz's payout ratio is -35.63%.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the business's stock in a transaction dated 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 $1,116,400. The trade was a 38.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is owned by company insiders.

Analyst Ratings Changes

KHC has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a report on Wednesday, September 3rd. Wells Fargo & Company lowered their target price on shares of Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on shares of Kraft Heinz in a report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 target price for the company. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Finally, UBS Group set a $28.00 target price on shares of Kraft Heinz and gave the stock a "neutral" rating in a report on Thursday, September 4th. Seventeen analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $29.76.

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.