Southeast Asset Advisors LLC Decreases Holdings in Kraft Heinz Company $KHC

Key Points

• Southeast Asset Advisors LLC reduced its holdings in Kraft Heinz Company by 63.0%, selling 64,125 shares and holding 37,736 shares valued at approximately $1.15 million after the sale.
• Kraft Heinz recently reported $0.69 earnings per share, exceeding analysts' expectations of $0.64, while displaying a negative net margin of 20.83%.
• The company announced a quarterly dividend of $0.40 per share, representing an annual yield of 5.7%, with the ex-dividend date set for August 29th.

Southeast Asset Advisors LLC reduced its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 63.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,736 shares of the company's stock after selling 64,125 shares during the quarter. Southeast Asset Advisors LLC's holdings in Kraft Heinz were worth $1,148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Hara Capital LLC increased its position in Kraft Heinz by 61.9% during the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock valued at $52,000 after purchasing an additional 650 shares during the period. Marshall Wace LLP raised its stake in Kraft Heinz by 99.1% in the fourth quarter. Marshall Wace LLP now owns 28,469 shares of the company's stock worth $874,000 after buying an additional 14,169 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Kraft Heinz by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,267,837 shares of the company's stock worth $38,936,000 after buying an additional 10,702 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in Kraft Heinz by 12.4% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 824,732 shares of the company's stock valued at $25,328,000 after acquiring an additional 90,800 shares in the last quarter. Finally, Nebula Research & Development LLC increased its holdings in shares of Kraft Heinz by 164.1% in the 4th quarter. Nebula Research & Development LLC now owns 15,441 shares of the company's stock valued at $474,000 after acquiring an additional 9,595 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC traded down $0.25 during midday trading on Thursday, reaching $27.64. The company's stock had a trading volume of 11,447,830 shares, compared to its average volume of 12,336,466. The firm has a market capitalization of $32.71 billion, a PE ratio of -6.16, a P/E/G ratio of 3.23 and a beta of 0.23. The stock has a fifty day moving average of $27.26 and a 200 day moving average of $28.31. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53. 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 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates 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 was down 1.9% on a year-over-year basis. During the same period in the prior 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, equities analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, August 29th. Kraft Heinz's dividend payout ratio (DPR) is currently -35.63%.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the business'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 completion of the transaction, the director directly owned 40,000 shares of the company's stock, valued at approximately $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.35% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KHC shares. Mizuho set a $29.00 price objective on Kraft Heinz and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. UBS Group increased their price target on shares of Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Stifel Nicolaus cut their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and increased their target price for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. Finally, Hsbc Global Res upgraded shares of Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. Sixteen research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $30.12.

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.