Levin Capital Strategies reduced Kraft Heinz stake by 13.1% while the company reported Q2 earnings of $0.78/share and $6.50B revenue, down 3.3%.

Levin Capital Strategies reduced its stake in Kraft Heinz by 13.1% in Q2, now owning 42,205 shares. The company reported earnings of $0.78 per share, exceeding estimates, with quarterly revenue at $6.50 billion, down 3.3% year-over-year. Kraft Heinz declared a $0.40 quarterly dividend, yielding 4.44%, to be paid on September 27. Analysts have varied ratings on the stock, with an average target price of $37.31.

September 10, 2024
11 Articles

Further Reading