Diligent Investors LLC Reduces Holdings in Kraft Heinz Company $KHC

Diligent Investors LLC cut its position in Kraft Heinz Company (NASDAQ:KHC) by 55.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,340 shares of the company’s stock after selling 10,200 shares during the quarter. Diligent Investors LLC’s holdings in Kraft Heinz were worth $215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossby Financial LCC purchased a new position in Kraft Heinz in the first quarter valued at about $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 boosted its stake in shares of Kraft Heinz by 141.7% during 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 during the last quarter. Abound Wealth Management increased its stake 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 last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of Kraft Heinz in the first quarter worth $40,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KHC shares. Morgan Stanley set a $29.00 price objective on shares of Kraft Heinz and gave the stock an “equal weight” rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on Kraft Heinz in a report on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 price objective for the company. Hsbc Global Res raised Kraft Heinz to a “hold” rating in a report on Friday, August 1st. 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 report on Wednesday, September 3rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $29.76.

Kraft Heinz Stock Down 0.0%

NASDAQ:KHC opened at $26.06 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $27.02 and a 200-day moving average of $27.56. The firm has a market capitalization of $30.84 billion, a PE ratio of -5.80, a price-to-earnings-growth ratio of 3.04 and a beta of 0.16. Kraft Heinz Company has a 52 week low of $25.35 and a 52 week high of $36.31.

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

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 29th were given a dividend of $0.40 per share. The ex-dividend date was Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.1%. Kraft Heinz’s dividend payout ratio is currently -35.63%.

Insider Buying and Selling at Kraft Heinz

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

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.