Steel Grove Capital Advisors LLC Has $277,000 Stock Holdings in Kraft Heinz Company $KHC

Key Points

• Steel Grove Capital Advisors sharply reduced its Kraft Heinz stake by 81.2% in the fourth quarter, leaving it with 11,409 shares valued at about $277,000.
• Kraft Heinz reported better-than-expected quarterly results, posting EPS of $0.58 versus $0.50 expected and revenue of $6.05 billion versus $5.89 billion estimated.
• The company also announced a quarterly dividend of $0.40 per share, which annualizes to $1.60 and implies a 6.6% yield.

Steel Grove Capital Advisors LLC lessened its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 81.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,409 shares of the company's stock after selling 49,124 shares during the period. Steel Grove Capital Advisors LLC's holdings in Kraft Heinz were worth $277,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC grew its holdings in shares of Kraft Heinz by 3.2% in the 4th quarter. V Square Quantitative Management LLC now owns 14,892 shares of the company's stock valued at $361,000 after buying an additional 458 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of Kraft Heinz by 13.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company's stock valued at $101,000 after buying an additional 460 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Kraft Heinz by 1.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,623 shares of the company's stock valued at $718,000 after buying an additional 490 shares during the period. New England Capital Financial Advisors LLC grew its holdings in shares of Kraft Heinz by 70.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company's stock valued at $30,000 after buying an additional 511 shares during the period. Finally, Personal CFO Solutions LLC grew its holdings in shares of Kraft Heinz by 4.4% in the 4th quarter. Personal CFO Solutions LLC now owns 13,237 shares of the company's stock valued at $321,000 after buying an additional 561 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Trading Up 2.2%

Shares of NASDAQ:KHC opened at $24.38 on Thursday. The company's 50-day moving average price is $22.69 and its two-hundred day moving average price is $23.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19. The stock has a market capitalization of $28.91 billion, a PE ratio of -5.02 and a beta of 0.06.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.50 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to analysts' expectations of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The company's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities analysts forecast that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 6.6%. Kraft Heinz's dividend payout ratio is currently -32.92%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KHC. The Goldman Sachs Group set a $23.00 price target on shares of Kraft Heinz in a report on Thursday, February 12th. BTIG Research began coverage on shares of Kraft Heinz in a report on Monday, April 13th. They issued a "neutral" rating for the company. Piper Sandler decreased their price target on shares of Kraft Heinz from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a "hold" rating in a report on Thursday, May 7th. Finally, BNP Paribas Exane reduced their target price on shares of Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $23.06.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total value of $121,480.94. Following the sale, the insider owned 197,463 shares in the company, valued at $4,806,249.42. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by corporate insiders.

Kraft Heinz Profile

The Kraft Heinz Company NASDAQ: KHC is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.

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