HB Wealth Management LLC Sells 2,882 Shares of Kraft Heinz Company $KHC

HB Wealth Management LLC lowered its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 17.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 13,321 shares of the company’s stock after selling 2,882 shares during the period. HB Wealth Management LLC’s holdings in Kraft Heinz were worth $344,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rossby Financial LCC bought a new position in Kraft Heinz during the first quarter worth about $29,000. Wayfinding Financial LLC bought a new position in Kraft Heinz during the first quarter worth about $33,000. Investment Management Corp VA ADV grew its holdings in Kraft Heinz by 141.7% during the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock worth $35,000 after purchasing an additional 669 shares during the period. Abound Wealth Management grew its holdings in Kraft Heinz by 1,157.0% during the first quarter. Abound Wealth Management now owns 1,257 shares of the company’s stock worth $38,000 after purchasing an additional 1,157 shares during the period. Finally, Banque Transatlantique SA bought a new position in Kraft Heinz during the first quarter worth about $40,000. Institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling

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 shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the transaction, the director directly owned 40,000 shares in the company, 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 at this link. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KHC shares. UBS Group set a $28.00 price target on Kraft Heinz and gave the stock a “neutral” rating in a report on Thursday, September 4th. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. began coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price objective for the company. Stifel Nicolaus cut their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $29.76.

Kraft Heinz Stock Down 3.0%

NASDAQ KHC opened at $25.27 on Tuesday. 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 1-year low of $25.24 and a 1-year high of $36.31. The company has a 50 day moving average of $26.96 and a 200-day moving average of $27.52. The company has a market cap of $29.91 billion, a price-to-earnings ratio of -5.63, a PEG ratio of 3.04 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The firm’s quarterly 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. On average, equities research analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.3%. The ex-dividend date was Friday, August 29th. Kraft Heinz’s payout ratio is currently -35.63%.

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.