Northern Trust Corp Has $268.15 Million Stock Holdings in Kraft Heinz Company $KHC

Northern Trust Corp decreased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 5.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,812,066 shares of the company’s stock after selling 477,625 shares during the quarter. Northern Trust Corp’s holdings in Kraft Heinz were worth $268,151,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Rossby Financial LCC acquired a new stake in Kraft Heinz during the 1st quarter worth about $29,000. Wayfinding Financial LLC purchased a new stake in shares of Kraft Heinz in the first quarter worth approximately $33,000. Investment Management Corp VA ADV boosted its holdings 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 purchasing an additional 669 shares during the period. Pinney & Scofield Inc. purchased a new position in Kraft Heinz during the fourth quarter valued at approximately $38,000. Finally, Abound Wealth Management increased its stake in Kraft Heinz by 1,157.0% in the 1st quarter. Abound Wealth Management now owns 1,257 shares of the company’s stock valued at $38,000 after buying an additional 1,157 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Trading Down 0.9%

Shares of NASDAQ:KHC opened at $27.42 on Thursday. 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 stock has a market capitalization of $32.45 billion, a PE ratio of -6.11, a P/E/G ratio of 3.22 and a beta of 0.23. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.53. The firm has a fifty day moving average price of $27.08 and a 200 day moving average price of $28.35.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly 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. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.26 billion. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The business’s quarterly revenue was down 1.9% compared to the same quarter last year. 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. Analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 5.8%. Kraft Heinz’s dividend payout ratio is presently -35.63%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KHC. Wells Fargo & Company lifted their target price on shares of Kraft Heinz from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Mizuho set a $29.00 price objective on Kraft Heinz and gave the stock a “neutral” rating in a report on Wednesday, May 28th. DZ Bank downgraded Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research note on Friday, May 9th. Stifel Nicolaus dropped their target price on Kraft Heinz from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Finally, Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a report on Friday, August 1st. Sixteen research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $30.12.

Insider Buying and Selling

In other Kraft Heinz 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 transaction, the director owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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.