Hudson Edge Investment Partners Inc. Buys 26,466 Shares of Kraft Heinz Company $KHC

Hudson Edge Investment Partners Inc. lifted its position in Kraft Heinz Company (NASDAQ:KHC) by 10.2% in the first quarter, Holdings Channel reports. The firm owned 285,939 shares of the company’s stock after buying an additional 26,466 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Kraft Heinz were worth $6,431,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schroder Investment Management Group increased its stake in shares of Kraft Heinz by 2.4% during the third quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock valued at $84,994,000 after buying an additional 77,045 shares during the period. Vanguard Group Inc. lifted its stake in Kraft Heinz by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock worth $2,496,131,000 after acquiring an additional 616,283 shares during the period. Russell Investments Group Ltd. lifted its stake in Kraft Heinz by 37.4% in the third quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock worth $51,717,000 after acquiring an additional 540,532 shares during the period. Swiss Life Asset Management Ltd grew its holdings in Kraft Heinz by 148.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after acquiring an additional 1,295,688 shares in the last quarter. Finally, Westhampton Capital LLC bought a new position in Kraft Heinz during the 4th quarter worth about $1,222,000. Institutional investors own 78.17% of the company’s stock.

Insider Activity

In other news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the transaction, the insider directly owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on KHC. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, May 7th. UBS Group lifted their price objective on shares of Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Wells Fargo & Company reduced their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Piper Sandler upped their target price on Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Finally, Wall Street Zen raised Kraft Heinz from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and a consensus target price of $22.88.

Kraft Heinz Stock Performance

KHC stock opened at $25.37 on Friday. Kraft Heinz Company has a one year low of $21.03 and a one year high of $29.19. The firm has a market cap of $30.08 billion, a price-to-earnings ratio of -5.22 and a beta of 0.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. The firm has a 50-day simple moving average of $23.39 and a two-hundred day simple moving average of $23.46.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities analysts forecast that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Friday, June 5th. Kraft Heinz’s payout ratio is currently -32.92%.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.