Hudson Edge Investment Partners Inc. Buys 23,205 Shares of Kraft Heinz Company $KHC

Hudson Edge Investment Partners Inc. grew its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 9.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 259,473 shares of the company’s stock after acquiring an additional 23,205 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Kraft Heinz were worth $6,292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Kraft Heinz during the first quarter valued at $207,000. Woodline Partners LP boosted its position in shares of Kraft Heinz by 39.0% during the first quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock valued at $2,243,000 after buying an additional 20,690 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Kraft Heinz by 16.6% during the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock valued at $1,323,000 after buying an additional 7,307 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Kraft Heinz by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock valued at $13,482,000 after buying an additional 4,003 shares during the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in shares of Kraft Heinz during the second quarter valued at $207,000. 78.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 9,045 shares of Kraft Heinz stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $24.61, for a total transaction of $222,597.45. Following the transaction, the insider directly owned 202,454 shares of the company’s stock, valued at $4,982,392.94. The trade was a 4.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is currently owned by insiders.

Kraft Heinz Price Performance

KHC stock opened at $22.47 on Monday. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $30.42. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The stock has a market cap of $26.64 billion, a P/E ratio of -4.55 and a beta of 0.07. The business’s 50-day moving average price is $23.29 and its 200-day moving average price is $24.07.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the previous year, the firm earned $0.84 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, equities research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, March 6th. Kraft Heinz’s payout ratio is presently -32.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Morgan Stanley reaffirmed an “underweight” rating and set a $23.00 price objective on shares of Kraft Heinz in a research report on Tuesday, February 17th. Sanford C. Bernstein increased their price objective on Kraft Heinz from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, February 12th. Barclays increased their price objective on Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Finally, Evercore dropped their price objective on Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $23.53.

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.