Parallel Advisors LLC Has $360,000 Holdings in Kraft Heinz Company $KHC

Parallel Advisors LLC boosted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 27.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,947 shares of the company’s stock after buying an additional 3,009 shares during the quarter. Parallel Advisors LLC’s holdings in Kraft Heinz were worth $360,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Swedbank AB increased its position in Kraft Heinz by 13.6% during the first quarter. Swedbank AB now owns 878,684 shares of the company’s stock worth $26,738,000 after buying an additional 104,872 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of 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. boosted its holdings in shares of 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 boosted its holdings in shares of 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. Finally, GAMMA Investing LLC boosted its holdings in shares of 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. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KHC shares. JPMorgan Chase & Co. started coverage on Kraft Heinz in a report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price objective for the company. Mizuho set a $29.00 price objective on Kraft Heinz and gave the stock a “neutral” rating in a report on Wednesday, May 28th. Hsbc Global Res raised Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. Stifel Nicolaus dropped their price objective on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. Finally, UBS Group set a $28.00 target price on Kraft Heinz and gave the company a “neutral” rating in a research report on Thursday, September 4th. Seventeen investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $29.76.

Insiders Place Their Bets

In related news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the sale, the director directly owned 40,000 shares in the company, 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 SEC, which is available at this hyperlink. 0.35% of the stock is owned by insiders.

Kraft Heinz Stock Up 1.3%

Shares of KHC opened at $26.42 on Friday. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.31. The stock has a market capitalization of $31.27 billion, a price-to-earnings ratio of -5.88, a PEG ratio of 3.08 and a beta of 0.23. 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 stock has a fifty day moving average of $27.41 and a 200-day moving average of $27.89.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Friday, August 29th. Kraft Heinz’s dividend payout ratio is presently -35.63%.

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.