Perbak Capital Partners LLP Acquires New Stake in Kraft Heinz Company $KHC

Key Points

• Perbak Capital Partners LLP acquired 11,278 shares of Kraft Heinz Company, representing an investment of approximately $343,000 in the 1st quarter.
• Insider Director Elio Leoni Sceti sold 25,000 shares at an average price of $27.91, decreasing their ownership by 38.46%.
• Analysts have raised their price targets for Kraft Heinz, with Wells Fargo increasing it from $27.00 to $29.00 and UBS adjusting it from $29.00 to $30.00.

Perbak Capital Partners LLP acquired a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,278 shares of the company's stock, valued at approximately $343,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rossby Financial LCC acquired a new stake in shares of Kraft Heinz during the 1st quarter worth $29,000. Wayfinding Financial LLC acquired a new stake in shares of Kraft Heinz during the first quarter valued at about $33,000. Investment Management Corp VA ADV grew its stake in shares of Kraft Heinz by 141.7% during the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock valued at $35,000 after acquiring an additional 669 shares in the last quarter. Pinney & Scofield Inc. acquired a new stake in shares of Kraft Heinz during the fourth quarter valued at about $38,000. Finally, Abound Wealth Management grew its stake in shares of Kraft Heinz by 1,157.0% during the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock valued at $38,000 after acquiring an additional 1,157 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the firm'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 value of $697,750.00. Following the sale, the director owned 40,000 shares in the company, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KHC. Mizuho set a $29.00 target price on Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. began coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price target on the stock. Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and raised their target price for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Finally, UBS Group set a $28.00 target price on shares of Kraft Heinz and gave the stock a "neutral" rating in a report on Thursday. Seventeen research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz has an average rating of "Reduce" and an average target price of $29.76.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC traded up $0.33 during trading hours on Friday, hitting $27.29. The stock had a trading volume of 14,753,200 shares, compared to its average volume of 13,326,064. The stock's fifty day simple moving average is $27.46 and its 200 day simple moving average is $28.20. Kraft Heinz Company has a 1-year low of $25.44 and a 1-year high of $36.31. The firm has a market capitalization of $32.30 billion, a price-to-earnings ratio of -6.08, a PEG ratio of 3.18 and a beta of 0.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate 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 company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same quarter last year, the business earned $0.78 earnings per share. Kraft Heinz's revenue was down 1.9% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Sell-side analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be paid a $0.40 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.9%. Kraft Heinz's dividend payout ratio (DPR) is presently -35.63%.

Kraft Heinz 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.