Strs Ohio Makes New Investment in Kraft Heinz Company $KHC

Key Points

• Strs Ohio has acquired 198,790 shares of Kraft Heinz Company, valued at approximately $6,049,000, indicating strong interest from institutional investors in the 1st quarter.
• Kraft Heinz reported earnings per share of $0.69 for the last quarter, exceeding analysts' expectations, despite a year-over-year revenue decline of 1.9%.
• The company has announced a quarterly dividend of $0.40 per share, representing a 6.1% yield, with the ex-dividend date set for August 29th.

Strs Ohio acquired a new position in Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 198,790 shares of the company's stock, valued at approximately $6,049,000.

Several other hedge funds and other institutional investors have also bought and sold shares of KHC. Rossby Financial LCC acquired a new position in shares of Kraft Heinz in the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new position in shares of Kraft Heinz in the 1st quarter valued at approximately $33,000. Investment Management Corp VA ADV raised its position in shares of 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 in the last quarter. Pinney & Scofield Inc. acquired a new position in shares of Kraft Heinz in the 4th quarter valued at approximately $38,000. Finally, Abound Wealth Management raised its position in shares of Kraft Heinz by 1,157.0% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Trading Down 1.5%

KHC opened at $26.13 on Monday. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The firm has a market capitalization of $30.93 billion, a price-to-earnings ratio of -5.82, a PEG ratio of 3.05 and a beta of 0.23. The company's 50 day moving average price is $27.47 and its two-hundred day moving average price is $28.04.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same period in the previous year, the firm posted $0.78 EPS. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company 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 6.1%. Kraft Heinz's dividend payout ratio is -35.63%.

Insiders Place Their Bets

In related news, Director Elio Leoni Sceti sold 25,000 shares of the business's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the transaction, the director owned 40,000 shares in the company, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KHC has been the subject of several analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 target price for the company. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Hsbc Global Res upgraded shares of Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. Morgan Stanley set a $29.00 price target on shares of Kraft Heinz and gave the company an "equal weight" rating in a report on Wednesday, September 3rd. Finally, Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Wednesday, September 3rd. Seventeen equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target 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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