KPP Advisory Services LLC Purchases 6,081 Shares of Kraft Heinz Company $KHC

KPP Advisory Services LLC lifted its holdings in Kraft Heinz Company (NASDAQ:KHC) by 57.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,627 shares of the company’s stock after purchasing an additional 6,081 shares during the period. KPP Advisory Services LLC’s holdings in Kraft Heinz were worth $429,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Swedbank AB raised its position in Kraft Heinz by 13.6% in the first quarter. Swedbank AB now owns 878,684 shares of the company’s stock worth $26,738,000 after acquiring an additional 104,872 shares during the period. Bard Financial Services Inc. raised its holdings in Kraft Heinz by 24.5% in the 2nd quarter. Bard Financial Services Inc. now owns 104,225 shares of the company’s stock worth $2,691,000 after purchasing an additional 20,500 shares during the period. D.A. Davidson & CO. raised its holdings in Kraft Heinz by 7.8% in the 1st quarter. D.A. Davidson & CO. now owns 90,252 shares of the company’s stock worth $2,746,000 after purchasing an additional 6,551 shares during the period. Bank of New York Mellon Corp lifted its position in Kraft Heinz by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company’s stock valued at $248,665,000 after purchasing an additional 103,548 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Kraft Heinz by 28.1% during the first quarter. GAMMA Investing LLC now owns 15,794 shares of the company’s stock valued at $481,000 after purchasing an additional 3,468 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Elio Leoni Sceti sold 25,000 shares of the business’s stock in a transaction on 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 owned 40,000 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Kraft Heinz Trading Down 3.0%

Kraft Heinz stock opened at $25.27 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The firm’s 50 day moving average price is $26.96 and its 200-day moving average price is $27.52. Kraft Heinz Company has a 1 year low of $25.24 and a 1 year high of $36.31. The stock has a market cap of $29.91 billion, a P/E ratio of -5.63, a PEG ratio of 3.04 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. Kraft Heinz’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company posted $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, equities analysts predict 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. Stockholders of record on Friday, August 29th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz’s dividend payout ratio is -35.63%.

Analysts Set New Price Targets

KHC has been the topic of a number of analyst reports. Hsbc Global Res raised Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. The Goldman Sachs Group raised shares of Kraft Heinz from a “sell” rating to a “neutral” rating and lifted their price target for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. JPMorgan Chase & Co. assumed coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 price target for the company. DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Kraft Heinz has an average rating of “Reduce” and an average price target of $29.76.

Kraft Heinz Company 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.