Truvestments Capital LLC Increases Position in Kraft Heinz Company $KHC

Key Points

• Truvestments Capital LLC increased its position in Kraft Heinz by 72.2%, owning a total of 146,861 shares valued at approximately $4.47 million.
• In the first quarter, other institutional investors also made significant moves, including Rossby Financial with a new stake valued around $29,000 and Investment Management Corp VA ADV, increasing their position by 141.7%.
• Kraft Heinz recently announced a quarterly dividend of $0.40 per share, with a dividend yield of 5.8%, reflecting a negative dividend payout ratio of -35.63%.

Truvestments Capital LLC increased its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 72.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,861 shares of the company's stock after purchasing an additional 61,554 shares during the period. Kraft Heinz accounts for 1.0% of Truvestments Capital LLC's portfolio, making the stock its 25th largest holding. Truvestments Capital LLC's holdings in Kraft Heinz were worth $4,469,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KHC. Rossby Financial LCC bought a new stake in shares of Kraft Heinz in the 1st quarter valued at about $29,000. Wayfinding Financial LLC purchased a new position in shares of Kraft Heinz in the 1st quarter worth approximately $33,000. Investment Management Corp VA ADV grew 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 worth $35,000 after buying an additional 669 shares during the last quarter. Pinney & Scofield Inc. purchased a new position in shares of Kraft Heinz in the 4th quarter worth approximately $38,000. Finally, Abound Wealth Management grew 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 worth $38,000 after buying an additional 1,157 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the transaction, the director directly owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KHC. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Wells Fargo & Company increased their price target on shares of Kraft Heinz from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. DZ Bank downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Kraft Heinz in a report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 price objective on the stock. Sixteen research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Kraft Heinz presently has a consensus rating of "Reduce" and an average target price of $30.12.

Kraft Heinz Stock Up 0.0%

Shares of Kraft Heinz stock opened at $27.70 on Wednesday. The company has a 50 day moving average of $27.22 and a 200 day moving average of $28.31. Kraft Heinz Company has a 52-week low of $25.44 and a 52-week high of $36.53. The company has a market capitalization of $32.79 billion, a P/E ratio of -6.17, a P/E/G ratio of 3.23 and a beta of 0.23. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping the consensus estimate 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 business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared 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 of this dividend is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.8%. Kraft Heinz's dividend payout ratio (DPR) is presently -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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