Kraft Heinz Company $KHC Shares Purchased by Vident Advisory LLC

Key Points

• Vident Advisory LLC has increased its stake in Kraft Heinz Company by 40.4%, now owning 73,270 shares valued at approximately $2.23 million as of the end of the 1st quarter.
• Several institutional investors, including Hara Capital LLC and AXA S.A., have also boosted their holdings in Kraft Heinz, increasing overall institutional ownership to 78.17%.
• Kraft Heinz recently announced a quarterly dividend of $0.40 per share, resulting in a 5.7% dividend yield for shareholders as of the record date.

Vident Advisory LLC increased its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 40.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,270 shares of the company's stock after purchasing an additional 21,075 shares during the quarter. Vident Advisory LLC's holdings in Kraft Heinz were worth $2,230,000 at the end of the most recent reporting period.

Other large investors have 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 worth $29,000. Wayfinding Financial LLC bought a new position in Kraft Heinz during the first quarter worth $33,000. Investment Management Corp VA ADV lifted its stake 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 worth $35,000 after purchasing an additional 669 shares during the last quarter. Pinney & Scofield Inc. bought a new position in Kraft Heinz during the fourth quarter worth $38,000. Finally, Abound Wealth Management lifted its stake in 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 last quarter. 78.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KHC shares. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a research note on Friday, May 9th. UBS Group set a $28.00 price objective on Kraft Heinz and gave the stock a "neutral" rating in a research note on Thursday. JPMorgan Chase & Co. started coverage on Kraft Heinz in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 target price on the stock. Stifel Nicolaus cut their target price on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating on the stock in a research note on Wednesday. Finally, Morgan Stanley set a $29.00 target price on Kraft Heinz and gave the company an "equal weight" rating in a research note on Wednesday. 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 MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $29.76.

Insider Buying and Selling at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz 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 in the company, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC traded up $0.33 during midday trading on Friday, reaching $27.29. 14,753,200 shares of the company traded hands, compared to its average volume of 13,051,689. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.31. The stock has a 50-day moving average price of $27.46 and a 200 day moving average price of $28.22. 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 company has a market cap of $32.30 billion, a price-to-earnings ratio of -6.08, a PEG ratio of 3.14 and a beta of 0.23.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates 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 business 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 business earned $0.78 earnings per share. The company's revenue was down 1.9% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Sell-side analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal 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 paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Friday, August 29th. Kraft Heinz's payout ratio is currently -35.63%.

Kraft Heinz Company 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.