MBB Public Markets I LLC Purchases New Stake in Kraft Heinz Company $KHC

MBB Public Markets I LLC purchased a new stake in Kraft Heinz Company (NASDAQ:KHC) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,371 shares of the company’s stock, valued at approximately $316,000.

Other hedge funds have also added to or reduced their stakes in the company. Rossby Financial LCC bought a new position in Kraft Heinz in the first quarter valued at 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 boosted 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 buying an additional 669 shares during the last quarter. Pinney & Scofield Inc. bought a new position in Kraft Heinz during the fourth quarter worth about $38,000. Finally, Abound Wealth Management boosted 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 buying an additional 1,157 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction that occurred on Friday, July 18th. The stock was 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KHC shares. JPMorgan Chase & Co. started coverage on Kraft Heinz in a report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 target price on the stock. Mizuho set a $29.00 target price on Kraft Heinz and gave the stock a “neutral” rating in a report on Wednesday, May 28th. Stifel Nicolaus reduced their target price on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. UBS Group set a $28.00 target price on Kraft Heinz and gave the stock a “neutral” rating in a report on Thursday, September 4th. Finally, The Goldman Sachs Group upgraded 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 report on Wednesday, June 25th. Seventeen research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $29.76.

Kraft Heinz Trading Down 0.9%

NASDAQ:KHC opened at $26.67 on Wednesday. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.31. 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 stock has a market capitalization of $31.57 billion, a PE ratio of -5.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.23. The business’s 50-day simple moving average is $27.49 and its 200-day simple moving average is $28.16.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data 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. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.26 billion. During the same quarter in the previous year, the business posted $0.78 EPS. Kraft Heinz’s revenue for the quarter was down 1.9% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Sell-side analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Friday, August 29th. Kraft Heinz’s payout ratio is -35.63%.

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.