Kraft Heinz Company $KHC Shares Bought by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Kraft Heinz Company by 26.0% in Q2, holding a total of 151,136 shares valued at $4,029,000.
• Kraft Heinz recently declared a quarterly dividend of $0.40 per share, representing an annualized dividend of $1.60 with a yield of 6.2%.
• Analysts have set a consensus target price of $29.76 for Kraft Heinz shares, with the stock currently holding a "Hold" rating from the majority of analysts.

Wealth Enhancement Advisory Services LLC raised its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 26.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,136 shares of the company's stock after acquiring an additional 31,199 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Kraft Heinz were worth $4,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. boosted its stake in Kraft Heinz by 7.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 335,000 shares of the company's stock valued at $8,650,000 after acquiring an additional 24,400 shares in the last quarter. Wedmont Private Capital acquired a new position in Kraft Heinz in the second quarter valued at $269,000. Swedbank AB raised its holdings in shares of Kraft Heinz by 10.5% in the second quarter. Swedbank AB now owns 970,909 shares of the company's stock valued at $25,069,000 after buying an additional 92,225 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of Kraft Heinz in the second quarter valued at about $557,000. Finally, KMG Fiduciary Partners LLC raised its holdings in shares of Kraft Heinz by 5.8% in the second quarter. KMG Fiduciary Partners LLC now owns 66,832 shares of the company's stock valued at $1,726,000 after buying an additional 3,690 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Insider Activity at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the sale, the director owned 40,000 shares in the company, valued at $1,116,400. This represents a 38.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KHC shares. Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a report on Friday, August 1st. Stifel Nicolaus reduced their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a report on Wednesday, September 3rd. Morgan Stanley set a $29.00 target price on shares of Kraft Heinz and gave the company an "equal weight" rating in a report on Wednesday, September 3rd. UBS Group set a $28.00 target price on shares of Kraft Heinz and gave the company a "neutral" rating in a report on Thursday, September 4th. Finally, DZ Bank raised shares of Kraft Heinz from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $29.76.

Kraft Heinz Trading Down 3.5%

NASDAQ KHC opened at $25.81 on Friday. The stock has a market capitalization of $30.55 billion, a P/E ratio of -5.75, a P/E/G ratio of 3.12 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 firm has a 50-day moving average price of $27.31 and a 200 day moving average price of $27.76. 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 posted its quarterly 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. The firm had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Equities research analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, August 29th. Kraft Heinz's dividend payout ratio (DPR) is presently -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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