Philip James Wealth Mangement LLC Raises Stock Holdings in Kraft Heinz Company $KHC

Key Points

• Philip James Wealth Management LLC increased its stake in Kraft Heinz Company by 14% in the second quarter, now owning 212,729 shares valued at approximately $5.49 million.
• Kraft Heinz reported earnings of $0.69 per share for the latest quarter, surpassing expectations, while also announcing a quarterly dividend of $0.40 per share, yielding 6.1%.
• Multiple institutional investors, including Community Bank & Trust and Generali Investments, have also increased their positions in Kraft Heinz, indicating increased institutional interest in the company.

Philip James Wealth Mangement LLC raised its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 14.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 212,729 shares of the company's stock after purchasing an additional 26,158 shares during the period. Philip James Wealth Mangement LLC's holdings in Kraft Heinz were worth $5,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Community Bank & Trust Waco Texas grew its holdings in Kraft Heinz by 3.4% during the second quarter. Community Bank & Trust Waco Texas now owns 71,710 shares of the company's stock valued at $1,852,000 after purchasing an additional 2,328 shares during the period. Generali Investments CEE investicni spolecnost a.s. grew its holdings in Kraft Heinz by 10.1% during the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 167,773 shares of the company's stock valued at $4,332,000 after purchasing an additional 15,426 shares during the period. V Square Quantitative Management LLC grew its holdings in Kraft Heinz by 57.1% during the second quarter. V Square Quantitative Management LLC now owns 13,616 shares of the company's stock valued at $352,000 after purchasing an additional 4,950 shares during the period. Sound Income Strategies LLC grew its holdings in Kraft Heinz by 19.2% during the second quarter. Sound Income Strategies LLC now owns 335,621 shares of the company's stock valued at $8,666,000 after purchasing an additional 54,103 shares during the period. Finally, Peoples Financial Services CORP. grew its holdings in Kraft Heinz by 92.8% during the second quarter. Peoples Financial Services CORP. now owns 8,829 shares of the company's stock valued at $228,000 after purchasing an additional 4,250 shares during the period. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $26.28 on Thursday. The firm has a market capitalization of $31.11 billion, a price-to-earnings ratio of -5.85, a P/E/G ratio of 3.04 and a beta of 0.16. Kraft Heinz Company has a 52-week low of $25.35 and a 52-week high of $36.31. The stock has a fifty day moving average of $27.13 and a 200 day moving average of $27.64. 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 (NASDAQ:KHC - Get Free Report) last posted 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. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.26 billion. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The firm's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, research analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 6.1%. Kraft Heinz's dividend payout ratio (DPR) is currently -35.63%.

Insider Transactions at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the sale, the director owned 40,000 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.35% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on KHC. Morgan Stanley set a $29.00 price objective on Kraft Heinz and gave the company an "equal weight" rating in a report on Wednesday, September 3rd. UBS Group set a $28.00 price target on Kraft Heinz and gave the stock a "neutral" rating in a report on Thursday, September 4th. Hsbc Global Res raised Kraft Heinz to a "hold" rating in a report on Friday, August 1st. Wells Fargo & Company cut their price target on Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday, September 3rd. Finally, The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and raised their price target for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $29.76.

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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