Kraft Heinz Company $KHC Holdings Trimmed by Sicart Associates LLC

Sicart Associates LLC reduced its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 3.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 230,265 shares of the company’s stock after selling 8,676 shares during the period. Kraft Heinz accounts for 2.1% of Sicart Associates LLC’s holdings, making the stock its 20th biggest position. Sicart Associates LLC’s holdings in Kraft Heinz were worth $5,945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of KHC. Vanguard Group Inc. grew its holdings in shares of Kraft Heinz by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock valued at $3,103,277,000 after acquiring an additional 11,472,071 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Kraft Heinz by 4,390.7% during the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock valued at $226,523,000 after acquiring an additional 7,278,295 shares in the last quarter. Nuveen LLC purchased a new position in shares of Kraft Heinz during the 1st quarter valued at $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 valued at $318,933,000 after acquiring an additional 1,895,722 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Kraft Heinz by 24.1% during the 1st quarter. Deutsche Bank AG now owns 6,460,347 shares of the company’s stock valued at $196,588,000 after acquiring an additional 1,255,022 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KHC shares. Stifel Nicolaus lowered their price target on shares of 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 shares of Kraft Heinz from a “sell” rating to a “neutral” rating and boosted their price target for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a report on Friday, August 1st. Morgan Stanley set a $29.00 price objective on shares of Kraft Heinz and gave the stock an “equal weight” rating in a report on Wednesday, September 3rd. Finally, UBS Group set a $28.00 price objective on shares of Kraft Heinz and gave the stock a “neutral” rating in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Kraft Heinz currently has a consensus rating of “Hold” and an average target price of $29.76.

Kraft Heinz Stock Up 1.3%

Kraft Heinz stock opened at $26.04 on Wednesday. The firm has a market cap of $30.82 billion, a price-to-earnings ratio of -5.80, a P/E/G ratio of 3.00 and a beta of 0.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. Kraft Heinz Company has a fifty-two week low of $25.35 and a fifty-two week high of $36.31. The firm has a fifty day moving average price of $27.18 and a two-hundred day moving average price of $27.65.

Kraft Heinz (NASDAQ:KHC) last released 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. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 payout ratio is currently -35.63%.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the business’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the transaction, the director owned 40,000 shares of the company’s stock, valued at $1,116,400. The trade was a 38.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by corporate 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.