Sowell Financial Services LLC Raises Holdings in Kraft Heinz Company $KHC

Key Points

• Sowell Financial Services LLC increased its holdings in Kraft Heinz Company by 10.8% during the second quarter, acquiring an additional 15,029 shares valued at approximately $3.97 million.
• Kraft Heinz Company has announced a quarterly dividend of $0.40 per share, with a dividend yield of 6.1%, scheduled for payment on September 26th.
• The stock currently holds a market cap of $31.27 billion, and Kraft Heinz recently reported earnings per share of $0.69, exceeding analyst expectations.

Sowell Financial Services LLC increased its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 10.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 153,836 shares of the company's stock after purchasing an additional 15,029 shares during the quarter. Sowell Financial Services LLC's holdings in Kraft Heinz were worth $3,972,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rossby Financial LCC acquired a new stake in Kraft Heinz in the first quarter valued at about $29,000. Wayfinding Financial LLC purchased a new stake in shares of Kraft Heinz in the 1st quarter valued at approximately $33,000. Investment Management Corp VA ADV grew its stake in Kraft Heinz by 141.7% in the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock valued at $35,000 after buying an additional 669 shares during the last quarter. Pinney & Scofield Inc. bought a new position in shares of Kraft Heinz in the fourth quarter worth about $38,000. Finally, Abound Wealth Management boosted its holdings in shares of Kraft Heinz by 1,157.0% in the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock valued at $38,000 after buying an additional 1,157 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC traded up $0.34 during mid-day trading on Friday, hitting $26.42. The company had a trading volume of 33,010,362 shares, compared to its average volume of 16,911,810. The firm has a market cap of $31.27 billion, a P/E ratio of -5.88, a PEG ratio of 3.08 and a beta of 0.23. The business's 50-day simple moving average is $27.41 and its 200-day simple moving average is $27.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. Kraft Heinz Company has a 12 month low of $25.44 and a 12 month high of $36.31.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The business 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 quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the business posted $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business 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 is Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 6.1%. Kraft Heinz's payout ratio is presently -35.63%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KHC. Stifel Nicolaus lowered their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a report on Wednesday, September 3rd. JPMorgan Chase & Co. began coverage on Kraft Heinz in a report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price target on the stock. Hsbc Global Res raised Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. Wells Fargo & Company lowered their price target on Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 3rd. Finally, The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. Seventeen investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $29.76.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz 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 sale, the director directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is 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.