28,204 Shares in Kraft Heinz Company $KHC Purchased by Scientech Research LLC

Scientech Research LLC acquired a new position in shares of Kraft Heinz Company (NASDAQ:KHC) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,204 shares of the company’s stock, valued at approximately $858,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in Kraft Heinz by 493.4% during the first quarter. Versant Capital Management Inc now owns 12,354 shares of the company’s stock worth $376,000 after acquiring an additional 10,272 shares during the period. D.A. Davidson & CO. raised its stake in Kraft Heinz by 7.8% during the first quarter. D.A. Davidson & CO. now owns 90,252 shares of the company’s stock worth $2,746,000 after acquiring an additional 6,551 shares during the period. Bank of New York Mellon Corp raised 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 acquiring an additional 103,548 shares during the period. GAMMA Investing LLC raised its stake in Kraft Heinz by 28.1% during the first quarter. GAMMA Investing LLC now owns 15,794 shares of the company’s stock worth $481,000 after acquiring an additional 3,468 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Kraft Heinz by 58.3% in the 1st quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company’s stock worth $671,000 after purchasing an additional 8,144 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. assumed coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 target price for the company. The Goldman Sachs Group upgraded shares of Kraft Heinz from a “sell” rating to a “neutral” rating and upped their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Finally, Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. Seventeen equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Kraft Heinz has an average rating of “Reduce” and an average target price of $29.76.

Insiders Place Their Bets

In related news, Director Elio Leoni Sceti sold 25,000 shares of the firm’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 transaction of $697,750.00. Following the completion of the sale, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.35% of the company’s stock.

Kraft Heinz Trading Up 1.2%

Kraft Heinz stock opened at $27.29 on Monday. The firm has a 50 day simple moving average of $27.46 and a 200-day simple moving average of $28.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The stock has a market capitalization of $32.30 billion, a PE ratio of -6.08, a price-to-earnings-growth ratio of 3.18 and a beta of 0.23. Kraft Heinz Company has a 12-month low of $25.44 and a 12-month high of $36.31.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be issued a $0.40 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.9%. Kraft Heinz’s dividend payout ratio (DPR) 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.