medium
Sell
45,000 shares
$1,505,362
Significance
5/10
EVP Pedro Navio sold 45,000 KHC shares at $33.45; stock down 15.1% from 52-week high amid net income loss.
Navio Pedro F P, EVP & President of North America, executed a sale of 45,000 shares for $1,505,362.50 at $33.45 on 2024-11-05, reducing his holdings by 21.1%. The sale occurs as Kraft Heinz reports a net income of -$290,000,000 in its latest quarter and stock price has declined 15.1% from its 52-week high of $38.65. While the company generated $6,383,000,000 in quarterly revenue with modest 0.6% annual growth, the combination of operating losses, declining stock performance over 90 days (-7.0%), and a meaningful reduction in an executive's holdings warrant attention to the company's near-term operational trajectory.