Park Avenue Securities LLC Trims Position in Kraft Heinz Company $KHC

Park Avenue Securities LLC reduced its position in Kraft Heinz Company (NASDAQ:KHC) by 15.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,084 shares of the company’s stock after selling 3,957 shares during the quarter. Park Avenue Securities LLC’s holdings in Kraft Heinz were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on KHC shares. Wells Fargo & Company cut their price objective on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. started coverage on Kraft Heinz in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 price objective on the stock. DZ Bank raised Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. UBS Group set a $28.00 price objective on Kraft Heinz and gave the company a “neutral” rating in a research report on Thursday, September 4th. Finally, Hsbc Global Res raised Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.76.

Insider Buying and Selling

In related news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

Kraft Heinz Stock Up 0.9%

Shares of Kraft Heinz stock opened at $26.05 on Monday. The business has a 50-day moving average of $27.27 and a 200-day moving average of $27.69. 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 company has a market capitalization of $30.83 billion, a PE ratio of -5.80, a P/E/G ratio of 3.04 and a beta of 0.23. Kraft Heinz Company has a 1-year low of $25.44 and a 1-year high of $36.31.

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

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Friday, August 29th. Kraft Heinz’s dividend payout ratio (DPR) is -35.63%.

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.