Adams Asset Advisors LLC Sells 26,839 Shares of Kraft Heinz Company $KHC

Key Points

• Adams Asset Advisors LLC has reduced its holdings in Kraft Heinz by 8.3%, selling 26,839 shares and leaving them with a total of 297,853 shares valued at approximately $7.69 million.
• Kraft Heinz reported earnings of $0.69 per share for the last quarter, exceeding expectations of $0.64, but showed a year-over-year revenue decline of 1.9%.
• The company announced a quarterly dividend of $0.40 per share, reflecting an annualized dividend yield of 6.1%, with record date August 29th for payment on September 26th.

Adams Asset Advisors LLC decreased its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 8.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 297,853 shares of the company's stock after selling 26,839 shares during the quarter. Adams Asset Advisors LLC's holdings in Kraft Heinz were worth $7,691,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KHC. Rossby Financial LCC acquired a new stake in Kraft Heinz during the 1st quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new stake in Kraft Heinz during the 1st quarter worth approximately $33,000. Investment Management Corp VA ADV raised its holdings in Kraft Heinz by 141.7% during the 1st 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 period. Pinney & Scofield Inc. acquired a new stake in Kraft Heinz during the 4th quarter worth approximately $38,000. Finally, Abound Wealth Management raised its holdings in Kraft Heinz by 1,157.0% during the 1st 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 period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director directly owned 40,000 shares of the company's stock, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company's stock.

Kraft Heinz Price Performance

Shares of KHC opened at $26.13 on Monday. The stock has a market capitalization of $30.93 billion, a P/E ratio of -5.82, a P/E/G ratio of 3.05 and a beta of 0.23. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.31. The company has a 50 day moving average of $27.47 and a 200-day moving average of $28.04. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share 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 business had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.26 billion. During the same period last year, the business 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. As a group, equities research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.1%. Kraft Heinz's dividend payout ratio (DPR) is currently -35.63%.

Analysts Set New Price Targets

Several analysts have commented on KHC shares. Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Wednesday, September 3rd. Morgan Stanley set a $29.00 target price on shares of Kraft Heinz and gave the stock an "equal weight" rating in a report on Wednesday, September 3rd. Hsbc Global Res upgraded shares of Kraft Heinz to a "hold" rating in a 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 price target for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. Finally, UBS Group set a $28.00 price target on shares of Kraft Heinz and gave the stock a "neutral" rating in a research note on Thursday, September 4th. Seventeen equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Kraft Heinz has an average rating of "Reduce" and a consensus target price of $29.76.

About Kraft Heinz

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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