Bard Financial Services Inc. Has $2.69 Million Stock Holdings in Kraft Heinz Company $KHC

Bard Financial Services Inc. increased its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 24.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 104,225 shares of the company’s stock after buying an additional 20,500 shares during the period. Bard Financial Services Inc.’s holdings in Kraft Heinz were worth $2,691,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Rossby Financial LCC acquired a new stake in Kraft Heinz during the first quarter worth approximately $29,000. Wayfinding Financial LLC bought a new position in shares of Kraft Heinz during the first quarter worth approximately $33,000. Investment Management Corp VA ADV lifted its holdings in 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 last quarter. Pinney & Scofield Inc. bought a new stake in Kraft Heinz in the 4th quarter valued at $38,000. Finally, Abound Wealth Management grew its holdings in Kraft Heinz by 1,157.0% in the 1st quarter. Abound Wealth Management now owns 1,257 shares of the company’s stock valued at $38,000 after buying an additional 1,157 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Elio Leoni Sceti sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the transaction, the director directly owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by company insiders.

Kraft Heinz Price Performance

KHC stock opened at $26.13 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.31. The stock has a market cap of $30.93 billion, a price-to-earnings ratio of -5.82, a P/E/G ratio of 3.05 and a beta of 0.23. The company has a 50 day simple moving average of $27.47 and a 200 day simple moving average of $28.04.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be 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 is Friday, August 29th. Kraft Heinz’s dividend payout ratio is presently -35.63%.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of research reports. Wells Fargo & Company dropped their target price on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, September 3rd. Morgan Stanley set a $29.00 price objective on shares of Kraft Heinz and gave the stock an “equal weight” rating in a research note on Wednesday, September 3rd. 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. The Goldman Sachs Group upgraded 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 research report on Wednesday, June 25th. Finally, Hsbc Global Res raised Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. Seventeen research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price 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.