Bayforest Capital Ltd Acquires New Shares in Kraft Heinz Company $KHC

Key Points

• Bayforest Capital Ltd acquired 10,320 shares of Kraft Heinz Company, valued at approximately $314,000, marking the firm's new investment during the first quarter.
• Kraft Heinz reported $0.69 earnings per share for the latest quarter, exceeding analysts' expectations, while annual revenue experienced a 1.9% decrease.
• The company recently announced a quarterly dividend of $0.40 per share, which reflects a 6.0% dividend yield for investors.

Bayforest Capital Ltd purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,320 shares of the company's stock, valued at approximately $314,000.

Other large investors have also modified their holdings of the company. Rossby Financial LCC purchased a new stake in shares of Kraft Heinz during the first quarter worth $29,000. Wayfinding Financial LLC purchased a new stake in shares of Kraft Heinz during the first quarter worth $33,000. Investment Management Corp VA ADV increased its position 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 worth $35,000 after acquiring an additional 669 shares during the period. Pinney & Scofield Inc. purchased a new stake in shares of Kraft Heinz during the fourth quarter worth $38,000. Finally, Abound Wealth Management increased 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 valued at $38,000 after buying an additional 1,157 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $26.65 on Thursday. 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 Company has a 52-week low of $25.44 and a 52-week high of $36.31. The business's 50-day moving average price is $27.48 and its 200 day moving average price is $28.15. The firm has a market cap of $31.54 billion, a P/E ratio of -5.94, a P/E/G ratio of 3.11 and a beta of 0.23.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same quarter last year, the company posted $0.78 earnings per share. The business'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. On average, equities research analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.0%. Kraft Heinz's dividend payout ratio (DPR) is currently -35.63%.

Insider Activity

In related news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the transaction, the director owned 40,000 shares of the company's stock, valued at $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 SEC, which is available through this link. 0.35% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on KHC. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and raised their price target for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. Mizuho set a $29.00 price target on Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. began coverage on Kraft Heinz in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 price target on the stock. Wells Fargo & Company cut their price target on Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 3rd. Finally, Morgan Stanley set a $29.00 price objective on Kraft Heinz and gave the stock an "equal weight" rating in a report on Wednesday, September 3rd. Seventeen equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Kraft Heinz has an average rating of "Reduce" and an average target price of $29.76.

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.

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