Wealth Enhancement Advisory Services LLC Grows Stake in Kraft Heinz Company $KHC

Wealth Enhancement Advisory Services LLC boosted its position in Kraft Heinz Company (NASDAQ:KHC) by 26.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 151,136 shares of the company’s stock after buying an additional 31,199 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Kraft Heinz were worth $4,029,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rossby Financial LCC acquired a new stake in shares of Kraft Heinz in the first quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new stake in shares of Kraft Heinz in the first quarter valued at approximately $33,000. Investment Management Corp VA ADV grew its position in shares of Kraft Heinz by 141.7% in the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock valued at $35,000 after purchasing an additional 669 shares during the last quarter. Abound Wealth Management grew its position 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 valued at $38,000 after purchasing an additional 1,157 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of Kraft Heinz in the first quarter valued at approximately $40,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the firm’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 transaction, the director owned 40,000 shares of the company’s stock, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.35% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $25.81 on Friday. 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 company has a market cap of $30.55 billion, a P/E ratio of -5.75, a P/E/G ratio of 3.12 and a beta of 0.23. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.31. The firm’s 50 day moving average is $27.31 and its two-hundred day moving average is $27.76.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate 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 revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be paid 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 yield of 6.2%. Kraft Heinz’s dividend payout ratio (DPR) is currently -35.63%.

Wall Street Analyst Weigh In

Several analysts have recently commented on KHC shares. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. 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 on the stock. The Goldman Sachs Group upgraded shares of Kraft Heinz from a “sell” rating to a “neutral” rating and raised their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. UBS Group set a $28.00 target price on shares of Kraft Heinz and gave the stock a “neutral” rating in a research report on Thursday, September 4th. Finally, Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and a consensus target price of $29.76.

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.