Kraft Heinz Company $KHC Stake Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,851 shares of the company’s stock after purchasing an additional 4,711 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Kraft Heinz were worth $2,397,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in KHC. Rossby Financial LCC acquired a new position in shares of Kraft Heinz during the first quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new position in shares of Kraft Heinz during the first quarter worth approximately $33,000. Investment Management Corp VA ADV boosted its position 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 worth $35,000 after buying an additional 669 shares during the period. Abound Wealth Management boosted 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 buying an additional 1,157 shares during the period. Finally, Banque Transatlantique SA acquired a new position in shares of Kraft Heinz during the first quarter worth approximately $40,000. 78.17% of the stock is owned by institutional investors.

Insider Activity at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the sale, the director owned 40,000 shares in the company, valued at approximately $1,116,400. This represents a 38.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KHC. Stifel Nicolaus reduced their price objective on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Wells Fargo & Company reduced their price objective on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 3rd. Morgan Stanley set a $29.00 price objective on Kraft Heinz and gave the stock an “equal weight” rating in a research report on Wednesday, September 3rd. The Goldman Sachs Group upgraded Kraft Heinz from a “sell” rating to a “neutral” rating and upped their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. initiated coverage on Kraft Heinz in a research note on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $29.76.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $25.81 on Friday. Kraft Heinz Company has a one year low of $25.44 and a one year high of $36.31. The stock has a fifty day moving average of $27.31 and a 200-day moving average of $27.76. The company has a market capitalization of $30.55 billion, a PE ratio of -5.75, a price-to-earnings-growth ratio of 3.12 and a beta of 0.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, equities analysts anticipate that Kraft Heinz Company will post 2.68 EPS 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. Stockholders 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 dividend yield of 6.2%. The ex-dividend date is Friday, August 29th. Kraft Heinz’s dividend payout ratio is -35.63%.

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.