Southern Capital Advisors LLC Makes New $400,000 Investment in Kraft Heinz Company $KHC

Key Points

• Southern Capital Advisors LLC has invested $400,000 by acquiring 15,500 shares of Kraft Heinz Company during the second quarter.
• Institutional investors currently hold 78.17% of Kraft Heinz's stock, indicating strong institutional interest in the company.
• Kraft Heinz's recent earnings report showed an EPS of $0.69, which exceeded analyst expectations of $0.64, despite a 1.9% decline in revenue year-over-year.

Southern Capital Advisors LLC bought a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,500 shares of the company's stock, valued at approximately $400,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KHC. Rossby Financial LCC bought a new position in shares of Kraft Heinz during the first quarter worth about $29,000. Wayfinding Financial LLC bought a new position in shares of Kraft Heinz during the first quarter worth about $33,000. Investment Management Corp VA ADV grew its position in shares of Kraft Heinz by 141.7% during the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock worth $35,000 after acquiring an additional 669 shares during the last quarter. Abound Wealth Management grew its position in shares of Kraft Heinz by 1,157.0% during the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock worth $38,000 after acquiring an additional 1,157 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in shares of Kraft Heinz during the first quarter worth about $40,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.35% of the company's stock.

Kraft Heinz Stock Performance

Shares of KHC opened at $25.81 on Friday. The firm has a 50-day moving average price of $27.31 and a 200 day moving average price of $27.76. The firm has a market capitalization of $30.55 billion, a PE ratio of -5.75, a P/E/G ratio of 3.12 and a beta of 0.23. 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 Company has a 52-week low of $25.44 and a 52-week high of $36.31.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The firm had revenue of $6.35 billion during 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%. Kraft Heinz's revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, sell-side analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. Kraft Heinz's dividend payout ratio (DPR) is -35.63%.

Analyst Upgrades and Downgrades

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 research report on Friday, September 19th. JPMorgan Chase & Co. began coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price target for the company. UBS Group set a $28.00 price target on shares of Kraft Heinz and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 3rd. Finally, The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and upped their price target for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $29.76.

Kraft Heinz 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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