Summit Financial LLC Makes New $441,000 Investment in Kraft Heinz Company $KHC

Key Points

• Summit Financial LLC has purchased a new stake in Kraft Heinz Company, acquiring 14,490 shares valued at approximately $441,000 in the first quarter.
• Kraft Heinz reported an earnings per share (EPS) of $0.69 for the last quarter, exceeding analysts' expectations of $0.64, despite a year-over-year revenue decline of 1.9%.
• The company has declared a quarterly dividend of $0.40 per share, with a dividend yield of 5.7%, to be paid on September 26th.

Summit Financial LLC purchased a new stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,490 shares of the company's stock, valued at approximately $441,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KHC. Hara Capital LLC raised its stake in Kraft Heinz by 61.9% in the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company's stock valued at $52,000 after purchasing an additional 650 shares in the last quarter. Marshall Wace LLP raised its stake in Kraft Heinz by 99.1% during the fourth quarter. Marshall Wace LLP now owns 28,469 shares of the company's stock worth $874,000 after acquiring an additional 14,169 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake 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 acquiring an additional 10,702 shares in the last quarter. Nebula Research & Development LLC raised its stake in Kraft Heinz by 164.1% during the fourth quarter. Nebula Research & Development LLC now owns 15,441 shares of the company's stock worth $474,000 after acquiring an additional 9,595 shares in the last quarter. Finally, Capital Analysts LLC raised its stake in Kraft Heinz by 50.5% during the fourth quarter. Capital Analysts LLC now owns 1,507 shares of the company's stock worth $47,000 after acquiring an additional 506 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.35% of the company's stock.

Kraft Heinz Trading Down 0.9%

KHC stock traded down $0.25 during trading on Thursday, hitting $27.64. The company had a trading volume of 11,450,210 shares, compared to its average volume of 12,336,704. The business has a 50-day moving average of $27.26 and a 200-day moving average of $28.31. Kraft Heinz Company has a one year low of $25.44 and a one year high of $36.53. The stock has a market cap of $32.71 billion, a PE ratio of -6.16, a PEG ratio of 3.23 and a beta of 0.23. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its 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. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The business had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.26 billion. During the same period in the prior year, the business posted $0.78 earnings per share. The firm's revenue was down 1.9% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 5.8%. Kraft Heinz's payout ratio is -35.63%.

Analyst Ratings Changes

Several research analysts have commented on the company. Hsbc Global Res raised Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. initiated coverage on Kraft Heinz in a research note on Wednesday, August 20th. They set a "neutral" rating and a $27.00 target price for the company. Mizuho set a $29.00 price target on Kraft Heinz and gave the stock a "neutral" rating in a report on Wednesday, May 28th. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a report on Friday, May 9th. Finally, Stifel Nicolaus reduced their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Sixteen investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $30.12.

Kraft Heinz Company 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.