SG Americas Securities LLC Trims Stock Position in Kraft Heinz Company $KHC

SG Americas Securities LLC lessened its stake in Kraft Heinz Company (NASDAQ:KHC) by 75.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,681 shares of the company’s stock after selling 186,297 shares during the period. SG Americas Securities LLC’s holdings in Kraft Heinz were worth $1,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in Kraft Heinz during the 1st quarter worth approximately $207,000. Woodline Partners LP boosted its holdings in shares of Kraft Heinz by 39.0% in the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after acquiring an additional 20,690 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Kraft Heinz by 27.5% in the second quarter. Parallel Advisors LLC now owns 13,947 shares of the company’s stock valued at $360,000 after acquiring an additional 3,009 shares during the period. Czech National Bank grew its position in shares of Kraft Heinz by 5.4% during the second quarter. Czech National Bank now owns 211,188 shares of the company’s stock worth $5,453,000 after acquiring an additional 10,825 shares during the last quarter. Finally, KMG Fiduciary Partners LLC increased its holdings in shares of Kraft Heinz by 5.8% in the 2nd quarter. KMG Fiduciary Partners LLC now owns 66,832 shares of the company’s stock valued at $1,726,000 after acquiring an additional 3,690 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of KHC opened at $24.24 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average is $24.46 and its two-hundred day moving average is $25.85. Kraft Heinz Company has a twelve month low of $22.91 and a twelve month high of $33.35. The firm has a market capitalization of $28.69 billion, a PE ratio of -6.50 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 17.35%.The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period last year, the firm earned $0.75 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.500-2.57 EPS. Research analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, November 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Friday, November 28th. Kraft Heinz’s payout ratio is presently -42.90%.

Insider Buying and Selling at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the transaction, the insider owned 686,817 shares in the company, valued at $17,046,797.94. This trade represents a 15.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KHC. UBS Group lowered their price objective on shares of Kraft Heinz from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday. DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Sanford C. Bernstein lowered their price target on Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating on the stock in a report on Tuesday, October 28th. TD Cowen reduced their price objective on Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Finally, Morgan Stanley decreased their price objective on Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Kraft Heinz has a consensus rating of “Reduce” and a consensus price target of $26.42.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.