111 Capital Buys Shares of 12,191 Kraft Heinz Company $KHC

111 Capital purchased a new position in Kraft Heinz Company (NASDAQ:KHC) in the second quarter, HoldingsChannel reports. The firm purchased 12,191 shares of the company’s stock, valued at approximately $315,000.

A number of other hedge funds have also modified their holdings of KHC. Vanguard Group Inc. boosted its position in shares of Kraft Heinz by 12.7% in the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock worth $3,103,277,000 after purchasing an additional 11,472,071 shares during the period. Pacer Advisors Inc. boosted its position in shares of Kraft Heinz by 4,390.7% in the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock worth $226,523,000 after purchasing an additional 7,278,295 shares during the period. Nuveen LLC bought a new position in shares of Kraft Heinz in the first quarter worth approximately $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Kraft Heinz by 22.1% in 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 purchasing an additional 1,895,722 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Kraft Heinz by 24.1% in the first quarter. Deutsche Bank AG now owns 6,460,347 shares of the company’s stock worth $196,588,000 after purchasing an additional 1,255,022 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research report on Saturday, September 27th. Wells Fargo & Company cut their target price on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 3rd. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a report on Friday, August 1st. UBS Group set a $28.00 price target on shares of Kraft Heinz and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Kraft Heinz in a report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price objective for the company. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $29.76.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $25.27 on Tuesday. The company has a market cap of $29.91 billion, a price-to-earnings ratio of -5.63, a PEG ratio of 3.04 and a beta of 0.16. The firm’s fifty day moving average is $26.96 and its 200 day moving average is $27.52. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. Kraft Heinz Company has a 52-week low of $25.24 and a 52-week high of $36.31.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. Kraft Heinz’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Sell-side analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were paid 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 6.3%. Kraft Heinz’s dividend payout ratio is presently -35.63%.

Insider Transactions at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the company’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 sale, the director owned 40,000 shares of the company’s stock, valued at $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by 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.