Wellington Management Group LLP Acquires 22,546 Shares of Kraft Heinz Company $KHC

Key Points

• Wellington Management Group LLP has increased its holdings in Kraft Heinz Company by 12.7%, owning 199,410 shares valued at approximately $6.07 million.
• During the first quarter, several hedge funds, including Vanguard Group Inc. and Pacer Advisors Inc., significantly increased their stakes in Kraft Heinz, reflecting a growing institutional interest in the stock.
• Kraft Heinz announced a quarterly dividend of $0.40 per share, which will be paid on September 26th, reflecting a 5.8% dividend yield.

Wellington Management Group LLP grew its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 199,410 shares of the company's stock after buying an additional 22,546 shares during the quarter. Wellington Management Group LLP's holdings in Kraft Heinz were worth $6,068,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc lifted its holdings 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 buying an additional 10,272 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Kraft Heinz by 7.8% in the 1st quarter. D.A. Davidson & CO. now owns 90,252 shares of the company's stock valued at $2,746,000 after purchasing an additional 6,551 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of 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 during the period. GAMMA Investing LLC lifted its stake in shares of Kraft Heinz by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 15,794 shares of the company's stock valued at $481,000 after purchasing an additional 3,468 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Kraft Heinz by 58.3% in the 1st quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company's stock valued at $671,000 after purchasing an additional 8,144 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Up 1.2%

Shares of Kraft Heinz stock traded up $0.33 on Friday, reaching $27.97. The company's stock had a trading volume of 23,587,253 shares, compared to its average volume of 11,459,742. The company has a market capitalization of $33.11 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 3.26 and a beta of 0.23. The firm's fifty day simple moving average is $27.34 and its two-hundred day simple moving average is $28.29. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.53. 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 posted 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 business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.26 billion. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The company's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Equities analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend 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%.

Insider Activity at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the sale, the director owned 40,000 shares of the company's stock, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on KHC shares. Mizuho set a $29.00 target price on Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. started coverage on Kraft Heinz in a research report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price objective for the company. Wells Fargo & Company raised their price objective on Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. UBS Group raised their price objective on Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Finally, DZ Bank lowered Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research report on Friday, May 9th. Sixteen equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Kraft Heinz has a consensus rating of "Reduce" and an average price target of $30.12.

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.