Crumly & Associates Inc. Acquires 1,226 Shares of Kraft Heinz Company $KHC

Crumly & Associates Inc. increased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 13.3% during the second quarter, Holdings Channel reports. The fund owned 10,438 shares of the company’s stock after purchasing an additional 1,226 shares during the period. Crumly & Associates Inc.’s holdings in Kraft Heinz were worth $270,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Kraft Heinz by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock worth $3,103,277,000 after acquiring an additional 11,472,071 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 buying an additional 1,895,722 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Kraft Heinz by 23.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company’s stock valued at $263,650,000 after buying an additional 1,628,516 shares during the last quarter. Bank of New York Mellon Corp boosted its position 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 buying an additional 103,548 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position 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 buying an additional 7,278,295 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on KHC shares. JPMorgan Chase & Co. started coverage on Kraft Heinz in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 price objective on the stock. Mizuho set a $29.00 price objective on Kraft Heinz and gave the company a “neutral” rating in a research report on Wednesday, May 28th. Stifel Nicolaus decreased their price objective on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, September 3rd. Morgan Stanley set a $29.00 price objective on Kraft Heinz and gave the company an “equal weight” rating in a research report on Wednesday, September 3rd. Finally, The Goldman Sachs Group upgraded Kraft Heinz from a “sell” rating to a “neutral” rating and increased their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. Seventeen analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $29.76.

Insider Buying and Selling

In related news, Director Elio Leoni Sceti sold 25,000 shares of the firm’s stock in a transaction 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 approximately $1,116,400. This trade represents a 38.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Kraft Heinz Stock Down 1.5%

NASDAQ:KHC opened at $26.13 on Friday. Kraft Heinz Company has a 12-month low of $25.44 and a 12-month high of $36.31. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $30.93 billion, a P/E ratio of -5.82, a P/E/G ratio of 3.09 and a beta of 0.23. The stock’s fifty day simple moving average is $27.47 and its 200-day simple moving average is $28.08.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same period last year, the company earned $0.78 EPS. The firm’s revenue 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 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz’s dividend payout ratio (DPR) is presently -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.