The Banque Cantonale Vaudoise recently trimmed down its stock in The Kraft Heinz Company, reducing its position by 41.6% during the fourth quarter of the past year. According to the financial institution’s most recent filing with the Securities and Exchange Commission (SEC), it was revealed that they sold 19,856 shares, resulting in a total of 27,843 shares remaining valued at $1,134,000.
Despite this decrease in investment by institutional investors like the Banque Cantonale Vaudoise, The Kraft Heinz Company still managed to surpass analysts’ estimates as their earnings results reported an earnings per share (EPS) of $0.68 for Q1 on May 3rd. This beat consensus estimates of $0.60 and is up from the same period last year where the company posted an EPS of $0.60 as well. With a net margin of 9.00% and return on equity of 7.26%, equities research analysts predict that The Kraft Heinz Company will post 2.88 EPS for the entire current year.
Amidst this positive report came news that CAO Lande Rashida La had sold about 25,000 shares of The Kraft Heinz Company’s stock last May 5th for a total value worth over one million dollars at an average price of $41 per share in a single transaction. After this sale and following disclosure filings with SEC, it was found out that Lande Rashida La still owns around 234,084 shares valued at approximately $9,597,444.
This latest news tells us that despite some institutional investors selling their positions due to varied reasons unknown to us – but which might range from risk management to new investment opportunities elsewhere – individual corporate insiders are still buying into The Kraft Heinz Company financially through personal trading activities like what CAO Lande Rashida La did just recently.
These developments should be watched closely in the coming months, particularly as the economic landscape continues to shift and sway amidst unprecedented times. It will be interesting to see how The Kraft Heinz Company fares within the market amid all of this news.
Investor Activity and Company News: A Look into Kraft Heinz
Kraft Heinz: A Look into Recent Investor Activity and Company News
Recently, a number of major investors have either increased or decreased their stakes in Kraft Heinz, according to reports. Aviva PLC lifted its position in shares of the company by 29.8% in the fourth quarter, now owning 359,425 shares worth $24,328,000 following the purchase of an additional 82,610 shares. Meanwhile, Waratah Capital Advisors Ltd. purchased a new position in Kraft Heinz valued at around $5,923,000. In further activity Churchill Management Corp increased its stake by 2.1% to reach a total of 193,386 shares worth $7,873,000 after purchasing an additional 4,017 shares during the last quarter; HRT Financial LP acquired a new stake amounting to $24,328,000 value of Kraft Heinz’s shares; finally Patton Fund Management Inc purchased a new stake worth approximately $218 thousand. It is also important to note that institutional investors and hedge funds own 68.80% of Kraft Heinz’s stock.
Looking at the trading highlights of Kraft Foods Group Inc on NASDAQ KHC on Thursday suggests that it opened at $38.72 with the company’s fifty day moving average set at $39.21 and its two-hundred day moving average at $39.52 respectively; further analysis identifies Kraft Heinz’s market capitalization as being worth around $47.52 billion with price-to-earnings ratio (P/E Ratio) sitting at 19.76 – this takes into account that its PEG Ratio is calculated at a rate of 3:01 and it has beta level standing at only .069 making it one heck more attractive prospect for many investors when compared with other firms out there today.
As well as lots investor chatter around share purchases and sales within the venture capitalist community there is other notable news surrounding Kraft Heinz. One such announcement, made public through the Securities and Exchange Commission (SEC), reports that CAO Lande Rashida La sold 25,000 shares in a transaction on May 5th at an average price of $41.00 per share for a total worth of $1,025,000. Following this successful transaction the Chief Accounting Officer now holds only 234,084 shares in the company which are valued at around $9,597,444.
Finally there is further news for investor insight as the company recently announced it will pay a quarterly dividend to its shareholders – an important consideration and bonus perk for them come June 30th. Investors who are registered with Kraft Heinz on June 6th will reportedly receive a sum of $0.40 on this date too; many have noted how this represents a very healthy payment indeed which equates to both a $1.60 annualized dividend along with an impressive yield of 4.13%. As we look to future activity for Kraft Heinz many research firms have already published forecasting reports analyzing what is likely to take place in coming months and years ahead including Bloomberg.com’s recent rating that ill leaves investors holding company stock rated as a “Hold” with an average target price of $43.79 which may be encouraging for some – or not so much for others.
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