Impact Investors Inc Has $478,000 Stake in Kraft Heinz Company $KHC

Impact Investors Inc reduced its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,530 shares of the company’s stock after selling 1,343 shares during the period. Impact Investors Inc’s holdings in Kraft Heinz were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Klingenstein Fields & Co. LP grew its holdings in shares of Kraft Heinz by 4.6% during the first quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company’s stock worth $239,000 after purchasing an additional 344 shares during the last quarter. Meeder Advisory Services Inc. grew its holdings in shares of Kraft Heinz by 2.7% during the first quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company’s stock worth $459,000 after purchasing an additional 393 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of Kraft Heinz by 1.6% during the first quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company’s stock worth $779,000 after purchasing an additional 397 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Kraft Heinz by 0.6% in the first quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company’s stock valued at $2,101,000 after acquiring an additional 397 shares during the last quarter. Finally, one8zero8 LLC boosted its holdings in Kraft Heinz by 5.5% in the first quarter. one8zero8 LLC now owns 7,964 shares of the company’s stock valued at $242,000 after acquiring an additional 414 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the company’s 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KHC has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on Kraft Heinz in a report on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 target price on the stock. Stifel Nicolaus reduced their target price on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a 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 company from $25.00 to $27.00 in a report on Wednesday, June 25th. Finally, DZ Bank upgraded Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $29.76.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $26.06 on Friday. 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 Company has a twelve month low of $25.35 and a twelve month high of $36.31. The stock’s 50 day moving average is $27.02 and its 200-day moving average is $27.58. The firm has a market capitalization of $30.84 billion, a price-to-earnings ratio of -5.80, a PEG ratio of 3.04 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $6.26 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. Kraft Heinz’s revenue for the quarter 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 forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz’s dividend payout ratio is presently -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.