Impact Investors Inc Sells 1,343 Shares of Kraft Heinz Company $KHC

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

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Kraft Heinz by 12.7% in the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock valued at $3,103,277,000 after purchasing an additional 11,472,071 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Kraft Heinz by 22.1% in 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 purchasing an additional 1,895,722 shares during the period. Bank of New York Mellon Corp grew its stake in Kraft Heinz by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company’s stock valued at $248,665,000 after purchasing an additional 103,548 shares during the period. Pacer Advisors Inc. grew its stake in Kraft Heinz by 4,390.7% in the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock valued at $226,523,000 after purchasing an additional 7,278,295 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Kraft Heinz by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,875,177 shares of the company’s stock valued at $209,201,000 after purchasing an additional 350,067 shares during the period. Institutional investors own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction dated 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 approximately $1,116,400. This represents a 38.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on KHC shares. Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. DZ Bank upgraded Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Stifel Nicolaus cut their price target on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. UBS Group set a $28.00 price target on Kraft Heinz and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research note on Saturday, September 27th. 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $29.76.

Kraft Heinz Stock Performance

Shares of KHC opened at $26.06 on Friday. The stock’s 50-day simple moving average is $27.02 and its 200 day simple moving average is $27.58. The stock has a market capitalization of $30.84 billion, a price-to-earnings ratio of -5.80, a price-to-earnings-growth ratio of 3.04 and a beta of 0.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. Kraft Heinz Company has a 52-week low of $25.35 and a 52-week high of $36.31.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $6.35 billion for 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 firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were issued 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 -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.