WBI Investments LLC Sells 2,083 Shares of Kraft Heinz Company $KHC

WBI Investments LLC lessened its position in Kraft Heinz Company (NASDAQ:KHC) by 3.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,308 shares of the company’s stock after selling 2,083 shares during the period. WBI Investments LLC’s holdings in Kraft Heinz were worth $1,957,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KHC. Vanguard Group Inc. grew its holdings in Kraft Heinz by 12.7% in the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock worth $3,103,277,000 after acquiring an additional 11,472,071 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Kraft Heinz by 4,390.7% in the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock worth $226,523,000 after acquiring an additional 7,278,295 shares during the last quarter. Southeastern Asset Management Inc. TN bought a new stake in shares of Kraft Heinz during the 4th quarter valued at about $87,080,000. Nuveen LLC bought a new stake in shares of Kraft Heinz during the 1st quarter valued at about $61,110,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kraft Heinz by 22.1% during 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 in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 0.1%

Shares of NASDAQ KHC opened at $26.65 on Thursday. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.31. The stock has a market cap of $31.54 billion, a P/E ratio of -5.94, a price-to-earnings-growth ratio of 3.11 and a beta of 0.23. The firm has a 50-day moving average of $27.48 and a 200 day moving average of $28.15. 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 (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) 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 company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.26 billion. During the same period last year, the company posted $0.78 EPS. Kraft Heinz’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. As a group, sell-side 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. Investors of record on Friday, August 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz’s dividend payout ratio (DPR) is -35.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KHC shares. Stifel Nicolaus cut their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, September 3rd. Morgan Stanley set a $29.00 target price on shares of Kraft Heinz and gave the company an “equal weight” rating in a research note on Wednesday, September 3rd. Hsbc Global Res raised shares of Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the company a “neutral” rating in a research note on Wednesday, May 28th. Finally, Wells Fargo & Company cut their target price on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 3rd. Seventeen research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Kraft Heinz currently has an average rating of “Reduce” and an average target price of $29.76.

Insider Transactions at Kraft Heinz

In other Kraft Heinz 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 value of $697,750.00. Following the completion of the transaction, the director directly owned 40,000 shares of the company’s stock, valued at approximately $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is currently owned by company insiders.

Kraft Heinz 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.