Kraft Heinz Company $KHC Shares Sold by Columbia Asset Management

Columbia Asset Management reduced its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 91.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,696 shares of the company’s stock after selling 300,675 shares during the quarter. Columbia Asset Management’s holdings in Kraft Heinz were worth $767,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Kraft Heinz by 12.7% during 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in 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 worth $318,933,000 after acquiring an additional 1,895,722 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Kraft Heinz by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company’s stock worth $248,665,000 after acquiring an additional 103,548 shares in the last quarter. Pacer Advisors Inc. raised its stake in Kraft Heinz by 4,390.7% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Kraft Heinz by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,875,177 shares of the company’s stock worth $209,201,000 after acquiring an additional 350,067 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KHC has been the subject of several recent research reports. UBS Group set a $28.00 target price on shares of Kraft Heinz and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Wells Fargo & Company decreased their target price on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 3rd. Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. Finally, DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $29.76.

Insider Buying and Selling

In related news, Director Elio Leoni Sceti sold 25,000 shares of the business’s 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.35% of the company’s stock.

Kraft Heinz Stock Up 1.3%

KHC stock opened at $26.04 on Wednesday. The company has a market cap of $30.82 billion, a P/E ratio of -5.80, a P/E/G ratio of 3.00 and a beta of 0.23. Kraft Heinz Company has a 52 week low of $25.35 and a 52 week high of $36.31. The company’s 50-day moving average price is $27.18 and its 200 day moving average price is $27.65. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, research analysts expect 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 was paid on Friday, September 26th. Investors of record on Friday, August 29th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.1%. Kraft Heinz’s payout ratio is currently -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.