Eliot Finkel Investment Counsel LLC Cuts Stake in Kraft Heinz Company $KHC

Eliot Finkel Investment Counsel LLC lowered its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140,375 shares of the company’s stock after selling 2,480 shares during the quarter. Kraft Heinz accounts for 2.3% of Eliot Finkel Investment Counsel LLC’s investment portfolio, making the stock its 19th largest holding. Eliot Finkel Investment Counsel LLC’s holdings in Kraft Heinz were worth $3,624,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KHC. Rossby Financial LCC purchased a new position in Kraft Heinz during the 1st quarter worth $29,000. Wayfinding Financial LLC acquired a new position in shares of Kraft Heinz during the 1st quarter worth $33,000. Investment Management Corp VA ADV grew 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 worth $35,000 after purchasing an additional 669 shares during the period. Abound Wealth Management grew its stake in shares of Kraft Heinz by 1,157.0% during the 1st 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 acquired a new position in shares of Kraft Heinz during the 1st quarter worth $40,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KHC shares. DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Hsbc Global Res raised shares of Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. Stifel Nicolaus lowered their price target on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, September 3rd. UBS Group set a $28.00 price target on shares of Kraft Heinz and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Finally, The Goldman Sachs Group raised shares of Kraft Heinz from a “sell” rating to a “neutral” rating and upped their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. One research 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $29.76.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $26.06 on Friday. The stock has a market cap of $30.84 billion, a price-to-earnings ratio of -5.80, a PEG 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. The company’s 50-day moving average price is $27.02 and its 200 day moving average price is $27.56. 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 (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $6.35 billion for 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 firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 EPS. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, research analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Friday, August 29th. Kraft Heinz’s dividend payout ratio is -35.63%.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the company’s 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 transaction, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. This represents a 38.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

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.