EP Wealth Advisors LLC Trims Stock Position in Kraft Heinz Company $KHC

Key Points

• EP Wealth Advisors LLC reduced its holdings in Kraft Heinz Company by 38.9% in the first quarter, owning 35,499 shares worth approximately $1.08 million after selling 22,619 shares.
• Analysts have set varied price targets for Kraft Heinz, with JPMorgan Chase setting a "neutral" rating and a price target of $27.00, while Mizuho and others give targets ranging from $27.00 to $31.00.
• Kraft Heinz recently declared a quarterly dividend of $0.40 per share, translating to an annual yield of 5.9%, with a payout ratio of -35.63%.

EP Wealth Advisors LLC lessened its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 38.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,499 shares of the company's stock after selling 22,619 shares during the period. EP Wealth Advisors LLC's holdings in Kraft Heinz were worth $1,080,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Rossby Financial LCC bought a new stake in shares of Kraft Heinz during the 1st quarter valued at $29,000. Wayfinding Financial LLC purchased a new stake in Kraft Heinz in the first quarter worth about $33,000. Investment Management Corp VA ADV increased its position in 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 in the last quarter. Pinney & Scofield Inc. bought a new position in shares of Kraft Heinz in the fourth quarter worth about $38,000. Finally, Abound Wealth Management lifted its position in shares of Kraft Heinz by 1,157.0% during the 1st 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 in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KHC has been the topic of several analyst reports. JPMorgan Chase & Co. assumed coverage on shares of Kraft Heinz in a report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price target on the stock. Hsbc Global Res upgraded shares of Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. DZ Bank downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a report on Friday, May 9th. Mizuho set a $29.00 price target on Kraft Heinz and gave the company a "neutral" rating in a report on Wednesday, May 28th. Finally, Wells Fargo & Company lowered their price objective on Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Seventeen investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $29.76.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction 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 completion of the transaction, the director owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by insiders.

Kraft Heinz Stock Up 1.2%

Shares of KHC stock opened at $27.29 on Friday. The company's fifty day simple moving average is $27.46 and its two-hundred day simple moving average is $28.22. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.31. The stock has a market cap of $32.30 billion, a P/E ratio of -6.08, a PEG ratio of 3.14 and a beta of 0.23. 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 issued its earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $6.26 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The business'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. Analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

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

Kraft Heinz Company 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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