CEO Miguel Patricio Sells $3.1M in Shares, Cuts Stake 15.4%
CEO Miguel Patricio sold 125,000 shares at $24.82 apiece for $3.10M, reducing his stake by 15.4% to 686,817 shares. Insiders now hold just 0.35% of Kraft Heinz, while hedge funds and institutions control 78.17% of shares.
1. Institutional Investors Increase Holdings
Asset Management One Co. Ltd. raised its position in Kraft Heinz by 8.7% during the third quarter, acquiring an additional 47,843 shares to reach a total of 594,814 shares valued at $15,489,000. Other notable increases include STF Management LP adding 374 shares to reach 18,475, Bill Few Associates Inc. purchasing 516 shares for a total of 88,026, Silverlake Wealth Management LLC boosting its stake by 530 shares to 16,021, Sittner & Nelson LLC adding 550 shares to hold 5,550, and Wedmont Private Capital acquiring 584 shares to reach 10,753. Combined, hedge funds and institutional investors now control 78.17% of the outstanding shares.
2. Recent Financial Results and Key Metrics
In its latest quarterly report, Kraft Heinz delivered earnings of $0.72 per share on revenue of $6.39 billion, reflecting a net margin of negative 17.35% and a return on equity of 7.26%. The company’s capital structure features a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.13. Market capitalization stands at $27.83 billion, with a beta of 0.09 and a trailing 12-month price-to-earnings ratio of –6.30.
3. Dividend Policy and Payout Dynamics
Kraft Heinz recently declared a quarterly dividend of $0.40 per share, translating to an annualized payout of $1.60 and a yield of 6.8%. This distribution equates to a payout ratio of –42.9%, reflecting the company’s negative net income for the period. The dividend was paid to shareholders of record as of late November.
4. Analyst Consensus and Insider Activity
Research firms present a mixed outlook: one analyst rates the stock as a Strong Buy, eighteen as Hold and three as Sell, resulting in an average recommendation of “Reduce” with a mean target of $26.63. Insider Miguel Patricio sold 125,000 shares in mid-December, reducing his stake by 15.4% to 686,817 shares in total. This transaction was disclosed in a recent SEC filing.