Hudson Edge Investment Partners Inc. Boosts Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Hudson Edge Investment Partners Inc. increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 13.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 210,753 shares of the company’s stock after buying an additional 24,616 shares during the quarter. Kraft Heinz comprises approximately 1.2% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its 19th largest position. Hudson Edge Investment Partners Inc.’s holdings in Kraft Heinz were worth $6,472,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KHC. AMF Tjanstepension AB boosted its stake in Kraft Heinz by 143.4% during the third quarter. AMF Tjanstepension AB now owns 245,522 shares of the company’s stock worth $8,620,000 after buying an additional 144,646 shares during the period. Blue Trust Inc. lifted its holdings in shares of Kraft Heinz by 157.8% in the 3rd quarter. Blue Trust Inc. now owns 9,395 shares of the company’s stock worth $303,000 after acquiring an additional 5,750 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Kraft Heinz by 10.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 25,212 shares of the company’s stock worth $885,000 after purchasing an additional 2,446 shares during the period. Eastern Bank acquired a new stake in Kraft Heinz in the 3rd quarter valued at approximately $41,000. Finally, Hartford Investment Management Co. raised its position in Kraft Heinz by 9.8% in the third quarter. Hartford Investment Management Co. now owns 55,335 shares of the company’s stock valued at $1,943,000 after purchasing an additional 4,941 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 3.2 %

Shares of Kraft Heinz stock opened at $31.13 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $29.73 and a 200-day simple moving average of $32.56. The stock has a market cap of $37.20 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 3.34 and a beta of 0.47. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, equities analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Wall Street Analyst Weigh In

Several research firms have recently commented on KHC. StockNews.com lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. TD Cowen dropped their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Barclays reduced their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Citigroup cut shares of Kraft Heinz from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $34.00 to $28.00 in a report on Thursday, February 13th. Finally, Piper Sandler cut their price objective on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.86.

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.