Universal Beteiligungs und Servicegesellschaft mbH Increases Holdings in Kraft Heinz Company $KHC

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Kraft Heinz Company (NASDAQ:KHCFree Report) by 3.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 1,374,469 shares of the company’s stock after buying an additional 51,709 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.12% of Kraft Heinz worth $35,791,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Inscription Capital LLC bought a new stake in Kraft Heinz in the third quarter worth about $335,000. Root Financial Partners LLC bought a new position in shares of Kraft Heinz during the 3rd quarter valued at approximately $111,000. Arkadios Wealth Advisors increased its stake in shares of Kraft Heinz by 1.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 64,765 shares of the company’s stock worth $1,686,000 after purchasing an additional 1,021 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Kraft Heinz by 71.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 61,243 shares of the company’s stock worth $1,567,000 after purchasing an additional 25,567 shares during the period. Finally, Allstate Corp bought a new stake in shares of Kraft Heinz in the 3rd quarter worth approximately $889,000. Institutional investors own 78.17% of the company’s stock.

Key Kraft Heinz News

Here are the key news stories impacting Kraft Heinz this week:

Insider Activity at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the sale, the insider owned 686,817 shares in the company, valued at approximately $17,046,797.94. This trade represents a 15.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by insiders.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $22.40 on Thursday. The stock has a market cap of $26.51 billion, a P/E ratio of -6.01 and a beta of 0.09. The company has a quick ratio of 0.73, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $24.37 and its two-hundred day moving average price is $25.75. Kraft Heinz Company has a twelve month low of $21.99 and a twelve month high of $33.35.

Kraft Heinz (NASDAQ:KHCGet Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The company had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.27 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 17.35%.Kraft Heinz’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.500-2.57 EPS. As a group, equities analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, November 28th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.1%. Kraft Heinz’s dividend payout ratio is presently -42.90%.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of recent research reports. Evercore ISI decreased their target price on Kraft Heinz from $28.00 to $25.00 in a research report on Friday, January 9th. Wells Fargo & Company cut their price target on Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Barclays lowered their price objective on Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kraft Heinz from $27.00 to $26.00 in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $26.16.

Check Out Our Latest Stock Report on Kraft Heinz

Kraft Heinz Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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