Bard Financial Services Inc. Purchases 20,500 Shares of Kraft Heinz Company $KHC

Key Points

• Bard Financial Services Inc. increased its purchase of Kraft Heinz Company shares by 24.5%, acquiring an additional 20,500 shares, bringing its total holdings to 104,225 shares valued at approximately $2.69 million.
• Kraft Heinz announced a quarterly dividend of $0.40, with a yield of 6.1%, scheduled for payment on September 26th.
• The company's latest earnings report revealed a negative net margin of 20.83% and a positive return on equity of 7.40%, with revenue declining by 1.9% from the previous year.

Bard Financial Services Inc. grew its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 24.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,225 shares of the company's stock after buying an additional 20,500 shares during the quarter. Bard Financial Services Inc.'s holdings in Kraft Heinz were worth $2,691,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Kraft Heinz by 12.7% in the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock valued at $3,103,277,000 after buying an additional 11,472,071 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Kraft Heinz by 4,390.7% during the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock worth $226,523,000 after purchasing an additional 7,278,295 shares in the last quarter. Nuveen LLC bought a new stake in shares of Kraft Heinz during the first quarter valued at approximately $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Kraft Heinz by 22.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company's stock valued at $318,933,000 after purchasing an additional 1,895,722 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its holdings in Kraft Heinz by 1,830.2% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 1,936,367 shares of the company's stock worth $59,466,000 after buying an additional 1,836,048 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Trading Down 1.5%

NASDAQ KHC opened at $26.13 on Monday. The stock has a market capitalization of $30.93 billion, a price-to-earnings ratio of -5.82, a PEG ratio of 3.05 and a beta of 0.23. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.31. The stock's 50 day moving average price is $27.47 and its two-hundred day moving average price is $28.04. 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 issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The company's revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share 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%.

Insider Buying and Selling at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the business's stock in a transaction dated 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 $1,116,400. The trade was a 38.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KHC shares. Morgan Stanley set a $29.00 target price on Kraft Heinz and gave the company an "equal weight" rating in a research note on Wednesday, September 3rd. The Goldman Sachs Group upgraded 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 research report on Wednesday, June 25th. Hsbc Global Res upgraded shares of Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. Stifel Nicolaus lowered their price target on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a research report on Wednesday, September 3rd. 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" 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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