Kraft Heinz Company $KHC Stake Lessened by Jeppson Wealth Management LLC

Key Points

• Jeppson Wealth Management LLC reduced its stake in Kraft Heinz Company by 23.1%, now holding 37,739 shares worth approximately $974,000.
• Multiple hedge funds recently modified their positions in Kraft Heinz, with notable increases, including a 192.9% surge from Siemens Fonds Invest GmbH.
• Kraft Heinz reported earnings of $0.69 per share, exceeding expectations, but its revenues are down 1.9% year-over-year, alongside a quarterly dividend yielding 6.0%.

Jeppson Wealth Management LLC lowered its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 23.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,739 shares of the company's stock after selling 11,312 shares during the period. Jeppson Wealth Management LLC's holdings in Kraft Heinz were worth $974,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KHC. Hara Capital LLC lifted its holdings in shares of Kraft Heinz by 61.9% in the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company's stock valued at $52,000 after purchasing an additional 650 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Kraft Heinz by 20.3% in the fourth quarter. Sunbelt Securities Inc. now owns 3,061 shares of the company's stock valued at $93,000 after purchasing an additional 517 shares in the last quarter. Ascent Group LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at $227,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at $36,930,000. Finally, Siemens Fonds Invest GmbH lifted its holdings in shares of Kraft Heinz by 192.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 62,499 shares of the company's stock valued at $1,871,000 after purchasing an additional 41,163 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on KHC. DZ Bank upgraded shares of Kraft Heinz from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Wednesday, September 3rd. JPMorgan Chase & Co. began 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. UBS Group set a $28.00 price target on shares of Kraft Heinz and gave the company a "neutral" rating in a report on Thursday, September 4th. Finally, Morgan Stanley set a $29.00 price target on shares of Kraft Heinz and gave the company an "equal weight" rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Kraft Heinz currently has a consensus rating of "Hold" and a consensus target price of $29.76.

Kraft Heinz Stock Up 0.7%

KHC stock opened at $26.74 on Thursday. 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 1 year low of $25.44 and a 1 year high of $36.31. The company has a fifty day simple moving average of $27.35 and a 200 day simple moving average of $27.81. The firm has a market cap of $31.65 billion, a PE ratio of -5.96, a PEG ratio of 3.10 and a beta of 0.23.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data 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. 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 analyst estimates of $6.26 billion. During the same quarter in the previous year, the business earned $0.78 EPS. Kraft Heinz's quarterly 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. Sell-side analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.0%. Kraft Heinz's payout ratio is currently -35.63%.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the business's 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 of the company's stock, valued at $1,116,400. The trade was a 38.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by corporate insiders.

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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