Lakeshore Capital Group Inc. Raises Holdings in Kraft Heinz Company $KHC

Key Points

• Lakeshore Capital Group Inc. increased its stake in Kraft Heinz Company by 39.8%, owning 37,050 shares valued at $957,000 as of the latest quarter.
• Insider trading activity saw Director Elio Leoni Sceti selling 25,000 shares at an average price of $27.91, decreasing his ownership by 38.46%.
• Kraft Heinz has a current consensus rating of Reduce from analysts, with a consensus target price of $29.76, while the stock recently traded at $25.42.

Lakeshore Capital Group Inc. grew its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 39.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,050 shares of the company's stock after buying an additional 10,551 shares during the quarter. Lakeshore Capital Group Inc.'s holdings in Kraft Heinz were worth $957,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Rossby Financial LCC purchased a new stake in shares of Kraft Heinz in the 1st quarter worth $29,000. Wayfinding Financial LLC purchased a new stake in shares of Kraft Heinz in the 1st quarter worth $33,000. Investment Management Corp VA ADV lifted its holdings in shares of Kraft Heinz by 141.7% in the 1st 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 during the period. Abound Wealth Management lifted its stake 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 worth $38,000 after purchasing an additional 1,157 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new stake in shares of Kraft Heinz during the 1st quarter worth $40,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 value of $697,750.00. Following the completion of the transaction, the director directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.35% of the company's stock.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of analyst reports. UBS Group set a $28.00 price objective on Kraft Heinz and gave the stock a "neutral" rating in a research note on Thursday, September 4th. Morgan Stanley set a $29.00 price objective on Kraft Heinz and gave the stock an "equal weight" rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on Kraft Heinz in a research note on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price objective for the company. Stifel Nicolaus decreased their price objective on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company decreased their price objective on Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $29.76.

Kraft Heinz Trading Up 0.6%

Kraft Heinz stock opened at $25.42 on Wednesday. The stock has a 50-day moving average of $26.90 and a two-hundred day moving average of $27.50. 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 Company has a one year low of $24.97 and a one year high of $36.31. The stock has a market cap of $30.09 billion, a PE ratio of -5.66, a price-to-earnings-growth ratio of 2.95 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating 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 company had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.26 billion. During the same period last year, the business posted $0.78 earnings per share. The firm'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. On average, research analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were paid a $0.40 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. Kraft Heinz's dividend payout ratio (DPR) is -35.63%.

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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