Kraft Heinz Company $KHC Stock: Howard Capital Management LLC Boosts Holdings

Howard Capital Management LLC increased its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 184.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,914 shares of the company’s stock after buying an additional 183,959 shares during the quarter. Howard Capital Management LLC’s holdings in Kraft Heinz were worth $6,451,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Kraft Heinz during the 2nd quarter worth about $1,803,911,000. Auto Owners Insurance Co grew its stake in Kraft Heinz by 3,034.1% during the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock valued at $39,957,000 after purchasing an additional 15,951,271 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Kraft Heinz by 7.3% in the first quarter. Pacer Advisors Inc. now owns 9,270,503 shares of the company’s stock valued at $208,494,000 after purchasing an additional 633,645 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Kraft Heinz by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,944,618 shares of the company’s stock valued at $178,663,000 after purchasing an additional 149,034 shares during the period. Finally, Nykredit A S purchased a new position in shares of Kraft Heinz in the second quarter worth about $181,408,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC traded up $0.44 during midday trading on Friday, reaching $23.72. 13,673,796 shares of the stock were exchanged, compared to its average volume of 15,965,425. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The firm has a market cap of $28.12 billion, a price-to-earnings ratio of -8.29, a PEG ratio of 2.99 and a beta of 0.12. The firm has a 50-day simple moving average of $24.23 and a two-hundred day simple moving average of $23.99. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $28.09.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the business posted $0.69 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, analysts anticipate that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. Kraft Heinz’s payout ratio is presently -55.94%.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of research reports. BNP Paribas Exane lifted their target price on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, June 30th. Piper Sandler increased their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. TD Cowen reiterated a “hold” rating and issued a $22.00 price target on shares of Kraft Heinz in a report on Tuesday, September 22nd. Jefferies Financial Group reissued a “hold” rating and set a $21.00 price target on shares of Kraft Heinz in a research report on Wednesday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $32.00 price objective on shares of Kraft Heinz in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $23.75.

Kraft Heinz Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets packaged foods and beverages for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and other grocery items.

The company’s brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, Jell-O, Ore-Ida, Classico, Grey Poupon and Planters.