Sun Sep 15 12:40:53 UTC 2024: ## Qsemble Capital Management Cuts Kraft Heinz Stake by 66.4%

**New York, NY – September 15, 2024** – Qsemble Capital Management LP, a prominent institutional investor, significantly reduced its stake in Kraft Heinz Company (NASDAQ: KHC) during the second quarter, according to a recent Form 13F filing with the Securities and Exchange Commission. The firm sold off 12,465 shares, decreasing its holding by 66.4% and leaving them with just 6,304 shares, currently valued at $203,000.

This move comes amid mixed signals from other institutional investors, some increasing their holdings in Kraft Heinz while others are scaling back. TCW Group Inc., for example, recently acquired a new stake in the company valued at $1,098,000.

Meanwhile, analysts are also divided on their outlook for Kraft Heinz. While Wells Fargo and Barclays have increased their target price for the stock, others like Bank of America and Citigroup have lowered their price objectives. Overall, the company currently holds an average “Hold” rating with an average target price of $37.50, according to data from MarketBeat.

Kraft Heinz recently reported earnings for the third quarter, exceeding analysts’ expectations with an EPS of $0.78, beating the consensus estimate by $0.05. However, the company’s revenue for the quarter fell slightly year-over-year.

Despite the mixed signals, Kraft Heinz remains a significant player in the food and beverage market, boasting a wide array of popular brands like Kraft, Heinz, Philadelphia, and Oscar Mayer. The company also recently declared a quarterly dividend of $0.40, representing a yield of 4.50%.

It remains to be seen whether Qsemble Capital Management’s move signals a broader trend in institutional sentiment towards Kraft Heinz.

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