111 Capital Makes New $315,000 Investment in Kraft Heinz Company $KHC

Key Points

• 111 Capital has made a new investment in Kraft Heinz Company, purchasing 12,191 shares valued at approximately $315,000 in the second quarter of 2023.
• Kraft Heinz recently announced a quarterly dividend of $0.40 per share, reflecting an annualized yield of 6.3%.
• In recent analyst ratings, Kraft Heinz shares have received a mix of recommendations, with one Strong Buy, sixteen Hold ratings, and three Sell ratings, leading to a current consensus rating of "Reduce."

111 Capital bought a new position in Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,191 shares of the company's stock, valued at approximately $315,000.

Other large investors have also bought and sold shares of the company. Rossby Financial LCC purchased a new position in Kraft Heinz in the first quarter worth about $29,000. Wayfinding Financial LLC purchased a new position in Kraft Heinz in the first quarter worth about $33,000. Investment Management Corp VA ADV raised its holdings in Kraft Heinz by 141.7% in the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock worth $35,000 after buying an additional 669 shares during the last quarter. Abound Wealth Management raised its holdings in Kraft Heinz by 1,157.0% in the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock worth $38,000 after buying an additional 1,157 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new position in Kraft Heinz in the first quarter worth about $40,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the sale, the director directly owned 40,000 shares of the company's stock, valued at approximately $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.35% of the company's stock.

Wall Street Analyst Weigh In

KHC has been the subject of several recent analyst reports. Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a report on Friday, August 1st. DZ Bank raised shares of Kraft Heinz from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. JPMorgan Chase & Co. started coverage on shares of Kraft Heinz in a report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday, September 3rd. Finally, The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of "Reduce" and an average price target of $29.76.

Kraft Heinz Stock Down 3.0%

KHC opened at $25.27 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average price of $26.96 and a 200-day moving average price of $27.52. Kraft Heinz Company has a twelve month low of $25.24 and a twelve month high of $36.31. The stock has a market capitalization of $29.91 billion, a price-to-earnings ratio of -5.63, a PEG ratio of 3.04 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The business had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.26 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The firm's revenue was down 1.9% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Equities research analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz's dividend payout ratio is currently -35.63%.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.

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