Wedmont Private Capital Purchases New Position in Kraft Heinz Company $KHC

Key Points

• Wedmont Private Capital has made a new investment in Kraft Heinz, acquiring 10,169 shares valued at approximately $269,000 in the 2nd quarter.
• Analysts have recently set varied price targets for Kraft Heinz, with an average target price of $29.76 and a mix of "hold" and "neutral" ratings given by multiple research firms.
• Kraft Heinz is scheduled to pay a quarterly dividend of $0.40 on September 26th, which corresponds to an annualized yield of 6.1%.

Wedmont Private Capital bought a new stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,169 shares of the company's stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in KHC. Klingenstein Fields & Co. LP boosted its holdings in shares of Kraft Heinz by 4.6% during the 1st quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company's stock valued at $239,000 after buying an additional 344 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in Kraft Heinz by 2.7% in the first quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company's stock worth $459,000 after purchasing an additional 393 shares during the period. Johnson Investment Counsel Inc. grew its holdings in Kraft Heinz by 1.6% in the first quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company's stock worth $779,000 after purchasing an additional 397 shares during the period. Oppenheimer & Co. Inc. increased its position in Kraft Heinz by 0.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company's stock valued at $2,101,000 after buying an additional 397 shares in the last quarter. Finally, one8zero8 LLC increased its position in Kraft Heinz by 5.5% during the 1st quarter. one8zero8 LLC now owns 7,964 shares of the company's stock valued at $242,000 after buying an additional 414 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

NASDAQ:KHC traded down $0.04 on Monday, hitting $26.38. The stock had a trading volume of 14,521,358 shares, compared to its average volume of 16,911,810. The business's 50-day simple moving average is $27.41 and its two-hundred day simple moving average is $27.86. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The stock has a market cap of $31.22 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 3.08 and a beta of 0.23. Kraft Heinz Company has a 52-week low of $25.44 and a 52-week high of $36.31.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted 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. 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 period in the prior year, the business posted $0.78 EPS. Kraft Heinz'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. As a group, research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 6.1%. Kraft Heinz's payout ratio is currently -35.63%.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction that occurred on 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 of the company's stock, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on KHC shares. Mizuho set a $29.00 price objective on Kraft Heinz and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Wells Fargo & Company lowered their price target on Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 3rd. Stifel Nicolaus lowered their price target on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. began coverage on shares of Kraft Heinz in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 target price on the stock. Finally, The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and upped their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. Seventeen analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $29.76.

About Kraft Heinz

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.