Valeo Financial Advisors LLC Sells 4,422 Shares of Kraft Heinz Company $KHC

Valeo Financial Advisors LLC lowered its holdings in Kraft Heinz Company (NASDAQ:KHC) by 17.5% during the second quarter, HoldingsChannel.com reports. The fund owned 20,913 shares of the company’s stock after selling 4,422 shares during the period. Valeo Financial Advisors LLC’s holdings in Kraft Heinz were worth $540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Kraft Heinz by 12.7% in the first 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Kraft Heinz by 22.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company’s stock worth $318,933,000 after buying an additional 1,895,722 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Kraft Heinz by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company’s stock worth $248,665,000 after buying an additional 103,548 shares during the last quarter. Pacer Advisors Inc. grew its stake in Kraft Heinz by 4,390.7% during the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock worth $226,523,000 after buying an additional 7,278,295 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Kraft Heinz by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,875,177 shares of the company’s stock worth $209,201,000 after buying an additional 350,067 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Kraft Heinz Stock Down 1.3%

Shares of NASDAQ:KHC opened at $25.08 on Thursday. Kraft Heinz Company has a 52 week low of $24.95 and a 52 week high of $36.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. The company has a market capitalization of $29.68 billion, a PE ratio of -5.59, a PEG ratio of 2.97 and a beta of 0.16. The company has a 50 day moving average price of $26.83 and a two-hundred day moving average price of $27.49.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business’s quarterly 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. Analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz’s dividend payout ratio is presently -35.63%.

Wall Street Analysts Forecast Growth

KHC has been the topic of several research analyst reports. Morgan Stanley set a $29.00 price objective on shares of Kraft Heinz and gave the stock an “equal weight” rating in a research note on Wednesday, September 3rd. DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research report on Wednesday. Stifel Nicolaus reduced their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, September 3rd. Finally, UBS Group reduced their target price on shares of Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $29.71.

About Kraft Heinz

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.