Alpha Omega Wealth Management LLC Boosts Holdings in Kraft Heinz Company $KHC

Key Points

• Alpha Omega Wealth Management LLC increased its holdings in Kraft Heinz Company by 129.7% during the second quarter, owning 33,606 shares worth approximately $868,000.
• Kraft Heinz recently reported a quarterly earnings per share (EPS) of $0.69, surpassing estimates, while experiencing a 1.9% revenue decline year-over-year.
• The company declared a dividend of $0.40 per share, resulting in an annualized yield of 6.1%, with the payment scheduled for September 26th.

Alpha Omega Wealth Management LLC grew its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 129.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,606 shares of the company's stock after purchasing an additional 18,974 shares during the period. Alpha Omega Wealth Management LLC's holdings in Kraft Heinz were worth $868,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KHC. Rossby Financial LCC bought a new stake in shares of Kraft Heinz in the first quarter worth $29,000. Wayfinding Financial LLC bought a new stake in shares of Kraft Heinz in the first quarter worth $33,000. Investment Management Corp VA ADV increased its stake in shares of 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 increased its stake in shares of 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 bought a new stake in shares of Kraft Heinz in the first quarter worth $40,000. Institutional investors own 78.17% of the company's stock.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz 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 transaction, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. The trade was a 38.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company's stock.

Kraft Heinz Price Performance

KHC stock opened at $26.38 on Tuesday. The firm has a 50-day moving average of $27.38 and a two-hundred day moving average of $27.82. The firm has a market capitalization of $31.22 billion, a PE ratio of -5.88, a P/E/G ratio of 3.08 and a beta of 0.23. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. Kraft Heinz Company has a one year low of $25.44 and a one year high of $36.31.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued 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 business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The firm's quarterly 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. On average, analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.1%. The ex-dividend date is Friday, August 29th. Kraft Heinz's payout ratio is presently -35.63%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KHC. 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. DZ Bank raised shares of Kraft Heinz from a "hold" rating to a "strong-buy" rating in a report on Friday. Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a report on Friday, August 1st. Mizuho set a $29.00 price objective on shares of Kraft Heinz and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Finally, The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and lifted their price objective for the stock 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 assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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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