Kraft Heinz Company $KHC Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Kraft Heinz Company (NASDAQ:KHC) by 40.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,825,123 shares of the company’s stock after selling 3,918,574 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kraft Heinz were worth $137,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. New Mexico Educational Retirement Board raised its holdings in Kraft Heinz by 8.7% in the 2nd quarter. New Mexico Educational Retirement Board now owns 42,375 shares of the company’s stock valued at $1,001,000 after acquiring an additional 3,400 shares during the last quarter. Mufg Securities Americas Inc. boosted its holdings in shares of Kraft Heinz by 9.0% during the 2nd quarter. Mufg Securities Americas Inc. now owns 25,714 shares of the company’s stock worth $607,000 after purchasing an additional 2,131 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Kraft Heinz by 12.0% in the second quarter. Van ECK Associates Corp now owns 302,304 shares of the company’s stock valued at $7,140,000 after purchasing an additional 32,490 shares in the last quarter. Nissay Asset Management Corp Japan grew its position in shares of Kraft Heinz by 4.9% in the second quarter. Nissay Asset Management Corp Japan now owns 313,301 shares of the company’s stock valued at $7,400,000 after purchasing an additional 14,499 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Kraft Heinz by 2.9% in the second quarter. Hsbc Holdings PLC now owns 2,068,451 shares of the company’s stock valued at $49,015,000 after purchasing an additional 58,093 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the transaction, the insider directly owned 102,667 shares in the company, valued at $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is owned by company insiders.

Kraft Heinz Stock Up 0.8%

Shares of KHC opened at $25.87 on Wednesday. The company’s 50-day moving average price is $25.33 and its 200 day moving average price is $23.93. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $28.09. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The firm has a market cap of $30.68 billion, a P/E ratio of -9.05 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the firm posted $0.69 earnings per share. Kraft Heinz’s revenue was down 1.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, sell-side analysts forecast that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a yield of 6.2%. Kraft Heinz’s payout ratio is presently -55.94%.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of recent research reports. Weiss Ratings lowered Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. UBS Group raised their target price on Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. TD Cowen lifted their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. BNP Paribas Exane upped their price objective on shares of Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a report on Tuesday, June 30th. Finally, Piper Sandler lifted their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $23.62.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.