Robeco Institutional Asset Management B.V. Sells 21,217 Shares of Kraft Heinz Company $KHC

Robeco Institutional Asset Management B.V. trimmed its position in Kraft Heinz Company (NASDAQ:KHC) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,433,819 shares of the company’s stock after selling 21,217 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Kraft Heinz were worth $37,021,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Swedbank AB lifted its holdings in shares of Kraft Heinz by 13.6% in the first quarter. Swedbank AB now owns 878,684 shares of the company’s stock valued at $26,738,000 after purchasing an additional 104,872 shares in the last quarter. Bard Financial Services Inc. increased its position in shares of Kraft Heinz by 24.5% in the second quarter. Bard Financial Services Inc. now owns 104,225 shares of the company’s stock valued at $2,691,000 after acquiring an additional 20,500 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Kraft Heinz by 7.8% in the first quarter. D.A. Davidson & CO. now owns 90,252 shares of the company’s stock valued at $2,746,000 after acquiring an additional 6,551 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Kraft Heinz by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company’s stock valued at $248,665,000 after acquiring an additional 103,548 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Kraft Heinz by 28.1% in the first quarter. GAMMA Investing LLC now owns 15,794 shares of the company’s stock valued at $481,000 after acquiring an additional 3,468 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of recent research reports. UBS Group set a $28.00 target price on Kraft Heinz and gave the company a “neutral” rating in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Saturday, September 27th. The Goldman Sachs Group raised Kraft Heinz from a “sell” rating to a “neutral” rating and lifted their target price for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. JPMorgan Chase & Co. assumed coverage on Kraft Heinz in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 target price on the stock. Finally, DZ Bank raised Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $29.76.

Insider Transactions at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction that occurred 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 sale, the director owned 40,000 shares of the company’s stock, valued at $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 is available through the SEC website. 0.35% of the stock is owned by corporate insiders.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $26.06 on Friday. Kraft Heinz Company has a 12 month low of $25.35 and a 12 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 company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The company 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 posted its earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $6.26 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The firm’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. Equities research analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were given 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 dividend payout ratio is currently -35.63%.

About Kraft Heinz

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.