Kestra Investment Management LLC Grows Stock Holdings in Kraft Heinz Company $KHC

Kestra Investment Management LLC lifted its position in Kraft Heinz Company (NASDAQ:KHC) by 6,170.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,396 shares of the company’s stock after acquiring an additional 6,294 shares during the quarter. Kestra Investment Management LLC’s holdings in Kraft Heinz were worth $195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in shares of Kraft Heinz by 493.4% in the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company’s stock valued at $376,000 after purchasing an additional 10,272 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Kraft Heinz by 7.8% in the 1st quarter. D.A. Davidson & CO. now owns 90,252 shares of the company’s stock valued at $2,746,000 after purchasing an additional 6,551 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Kraft Heinz by 1.3% in the 1st 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 during the period. GAMMA Investing LLC lifted its stake in shares of Kraft Heinz by 28.1% in the 1st 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. Finally, Farther Finance Advisors LLC lifted its stake in shares of Kraft Heinz by 58.3% in the 1st quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company’s stock valued at $671,000 after purchasing an additional 8,144 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $26.67 on Wednesday. The firm has a 50-day simple moving average of $27.49 and a 200-day simple moving average of $28.16. The stock has a market capitalization of $31.57 billion, a price-to-earnings ratio of -5.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.23. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.31.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, July 30th. The company reported $0.69 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 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%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $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 business also recently announced 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. This represents a $1.60 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz’s dividend payout ratio (DPR) is -35.63%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KHC shares. Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. Wells Fargo & Company reduced their price objective on shares of 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. The Goldman Sachs Group upgraded shares of Kraft Heinz from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. Finally, Morgan Stanley set a $29.00 price objective on shares of Kraft Heinz and gave the stock an “equal weight” rating in a research report on Wednesday, September 3rd. Seventeen analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and an average target price of $29.76.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction dated 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 owned 40,000 shares of the company’s stock, valued at $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.35% of the stock is currently owned by company insiders.

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.