Tepp RIA LLC Purchases New Shares in Kraft Heinz Company $KHC

Key Points

• Tepp RIA LLC acquired 11,005 shares of Kraft Heinz Company valued at approximately $284,000, making it the fund's 24th biggest holding.
• A number of analysts upgraded Kraft Heinz's stock ratings, leading to an average target price of $29.76, with most analysts giving it a "Hold" rating.
• Kraft Heinz announced a quarterly dividend of $0.40 per share, equating to an annualized yield of 6.1%, to be paid to shareholders on September 26th.

Tepp RIA LLC acquired a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,005 shares of the company's stock, valued at approximately $284,000. Kraft Heinz accounts for about 0.4% of Tepp RIA LLC's holdings, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rossby Financial LCC bought a new position in Kraft Heinz during the 1st quarter valued at about $29,000. Wayfinding Financial LLC purchased a new position in shares of Kraft Heinz during the first quarter valued at approximately $33,000. Investment Management Corp VA ADV raised its holdings in shares of Kraft Heinz by 141.7% in the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock worth $35,000 after buying an additional 669 shares during the period. Abound Wealth Management raised 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 worth $38,000 after buying an additional 1,157 shares during the period. Finally, Banque Transatlantique SA bought a new stake in shares of Kraft Heinz during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. DZ Bank upgraded Kraft Heinz from a "hold" rating to a "strong-buy" rating in a research note on Friday. Morgan Stanley set a $29.00 price target on shares of Kraft Heinz and gave the stock an "equal weight" rating in a report on Wednesday, September 3rd. UBS Group set a $28.00 price target on shares of Kraft Heinz and gave the stock a "neutral" rating in a research note on Thursday, September 4th. Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating on the stock in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $29.76.

Insider Activity

In other news, Director Elio Leoni Sceti sold 25,000 shares of the company'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 transaction, the director owned 40,000 shares in the company, valued at $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Kraft Heinz Price Performance

NASDAQ KHC opened at $26.38 on Tuesday. The firm's fifty day simple moving average is $27.38 and its two-hundred day simple moving average is $27.82. The firm has a market capitalization of $31.22 billion, a P/E ratio of -5.88, a P/E/G ratio of 3.08 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 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, 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 firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.26 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The business'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. Analysts forecast that Kraft Heinz Company will post 2.68 EPS 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz's dividend payout ratio (DPR) is currently -35.63%.

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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