On September 14, 2023, Level Four Advisory Services LLC announced that it has increased its stake in The Kraft Heinz Company (NASDAQ:KHC) by 5.9% during the first quarter of the year. According to its recent filing with the Securities and Exchange Commission (SEC), Level Four Advisory Services LLC now owns 64,642 shares of Kraft Heinz’s stock, acquiring an additional 3,608 shares during the period. As of its most recent SEC filing, the firm’s holdings in Kraft Heinz were valued at $2,500,000.
In a recent earnings report released on August 2nd, Kraft Heinz revealed that it had exceeded expectations for the quarter. The company reported earning $0.79 per share, surpassing the consensus estimate of $0.74 by $0.05. The company generated a revenue of $6.72 billion during the quarter, slightly lower than analyst estimates of $6.80 billion.
Despite falling short in terms of revenue expectations, Kraft Heinz demonstrated a net margin of 11.65% and a return on equity of 7.45%. Compared to the same quarter last year, the firm’s revenue experienced a modest increase of 2.5%. In the previous year’s corresponding quarter, Kraft Heinz earned $0.70 per share.
Equities research analysts anticipate that The Kraft Heinz Company will achieve earnings per share of 2.89 for the current year.
It is essential to stay updated on investment activities and earning reports to make informed decisions regarding stock investments such as those made by Level Four Advisory Services LLC in Kraft Heinz.
1) SEC Filing: https://www.sec.gov/Archives/edgar/data/1637459/000156459023033276/khc-ex133_8.htm
2) Quarterly Earnings Report: https://investors.kraftheinzcompany.com/file/Index?KeyFile=408725062
Changes in Institutional Investor Stakes and Mixed Analyst Reviews Pose Challenges for Kraft Heinz’s Future Performance
On September 14, 2023, various institutional investors made important changes to their stakes in Kraft Heinz, a leading food and beverage company. WealthPLAN Partners LLC acquired a new position in Kraft Heinz during the first quarter of the year, totaling approximately $25,000. Ancora Advisors LLC also increased its position in Kraft Heinz by an astonishing 69.9% during the same period, now owning 661 shares valued at $26,000 after purchasing an additional 272 shares.
Corrado Advisors LLC and Heritage Wealth Management LLC were among other institutional investors that purchased new positions in Kraft Heinz during the fourth quarter of the previous year. Their investments were valued at around $28,000 and $29,000 respectively. Moreover, ST Germain D J Co. Inc. acquired a new position in Kraft Heinz during the same period for approximately $30,000. Overall, hedge funds and other institutional investors account for a significant portion – specifically 75.39% – of the company’s stock.
Kraft Heinz opened at $33.19 on Thursday with a market capitalization of $40.77 billion. The stock boasts a price-to-earnings (P/E) ratio of 12.96 along with a P/E growth (P/E/G) ratio of 2.43 and a beta value of 0.68 when considering its volatility compared to the broader market. Additionally, the firm has maintained a fifty-day moving average price of $34.65 and a two hundred-day moving average price of $37.06.
When analyzing its financial health and liquidity position, it is evident that The Kraft Heinz Company has some notable figures to consider as well. With a debt-to-equity ratio of 0.39 , it demonstrates prudent financial management decisions emphasizing equity over excessive borrowing or leverage strategies in its operations.Its current ratio stands at 0.95 indicating its ability to meet short-term obligations and maintain ongoing operations. Meanwhile, its quick ratio is at 0.50 which exhibits a level of financial liquidity that may require further attention from stakeholders.
In terms of stock performance, Kraft Heinz has experienced fluctuations with a 1-year low of $32.42 and a 1-year high of $42.80.
The firm recently announced a quarterly dividend that will be paid on Friday, September 29th. Stockholders who were recorded as of Friday, September 1st will receive a dividend of $0.40 per share. This translates to an annualized dividend payout of $1.60 and offers a dividend yield of 4.82%. Investors should be aware that the ex-dividend date for this particular dividend was set for Thursday, August 31st.
Several research analysts have provided insights on Kraft Heinz’s performance and prospects as well. TD Cowen initiated coverage on the company’s shares with a “market perform” rating and established a target price of $35.00 on the stock. Mizuho decreased their price objective from $50.00 to $47.00 in a research report released on Monday, July 31st.On June 14th, Morgan Stanley also lowered their price objective from $44.00 to $39.00 while Barclays reduced theirs from $40.00 to $38.00 and gave an “equal weight” rating for the stock in a research report released on Thursday, July 20th.Finally,on August 17th, StockNews.com initiated coverage attributing it witha “hold” rating.As per Bloomberg.com,the general consensus rating for Kraft Heinz stands at “Hold”,with an average price target set at around dollar$42.
It would seem that Kraft Heinz faces a perplexing situation given these mixed reviews from research analysts.While some see potential growth or value in the stock,others remain more cautious.Perhaps it will be interesting to see the company’s performance in the coming months and how it addresses these varied perspectives.