Versor Investments LP Takes Position in Kraft Heinz Company $KHC

Key Points

• Versor Investments LP has acquired 20,700 shares of Kraft Heinz Company, valued at approximately $630,000, as disclosed in its 13F filing with the SEC.
• Major investors have significantly increased their stakes in Kraft Heinz, with Versant Capital Management raising its position by 493.4% in the first quarter alone.
• Kraft Heinz recently announced a quarterly dividend of $0.40 per share, yielding 5.8%, with an ex-dividend date set for August 29th.

Versor Investments LP bought a new stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 20,700 shares of the company's stock, valued at approximately $630,000.

A number of other large investors have also bought and sold shares of the stock. Rossby Financial LCC bought a new position in shares of Kraft Heinz during the 1st quarter worth about $29,000. Wayfinding Financial LLC acquired a new stake in Kraft Heinz in the first quarter valued at approximately $33,000. Investment Management Corp VA ADV increased its holdings in shares of 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 acquiring an additional 669 shares in the last quarter. Pinney & Scofield Inc. bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $38,000. Finally, Abound Wealth Management raised its position in shares of Kraft Heinz by 1,157.0% during the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock worth $38,000 after purchasing an additional 1,157 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Elio Leoni Sceti sold 25,000 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the sale, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. The trade was a 38.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company's stock.

Kraft Heinz Stock Performance

Kraft Heinz stock traded up $0.56 during mid-day trading on Friday, reaching $28.06. 10,695,765 shares of the company's stock were exchanged, compared to its average volume of 11,599,574. Kraft Heinz Company has a one year low of $25.44 and a one year high of $36.53. The firm has a market capitalization of $33.21 billion, a PE ratio of -6.25, a P/E/G ratio of 3.27 and a beta of 0.23. The business's fifty day simple moving average is $27.14 and its 200 day simple moving average is $28.33. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

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, topping analysts' consensus estimates 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 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, sell-side analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on KHC shares. Hsbc Global Res upgraded shares of Kraft Heinz to a "hold" rating in a report on Friday, August 1st. JPMorgan Chase & Co. started coverage on Kraft Heinz in a research note on Wednesday. They issued a "neutral" rating and a $27.00 price objective for the company. Mizuho set a $29.00 target price on Kraft Heinz and gave the company a "neutral" rating in a research report on Wednesday, May 28th. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price target for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. Finally, 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. Sixteen equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz has a consensus rating of "Reduce" and a consensus price target of $30.12.

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.