Hudson Edge Investment Partners Inc. Buys 5,157 Shares of Kraft Heinz Company $KHC

Hudson Edge Investment Partners Inc. grew its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 2.4% during the 2nd quarter, Holdings Channel reports. The firm owned 221,291 shares of the company’s stock after buying an additional 5,157 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Kraft Heinz were worth $5,714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Klingenstein Fields & Co. LP grew its position in shares of Kraft Heinz by 4.6% in the 1st quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company’s stock valued at $239,000 after acquiring an additional 344 shares during the period. Meeder Advisory Services Inc. grew its holdings in Kraft Heinz by 2.7% during the first quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company’s stock worth $459,000 after purchasing an additional 393 shares during the period. Johnson Investment Counsel Inc. increased its position in Kraft Heinz by 1.6% during the first quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company’s stock worth $779,000 after buying an additional 397 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in Kraft Heinz by 0.6% in the first quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company’s stock valued at $2,101,000 after buying an additional 397 shares during the period. Finally, one8zero8 LLC lifted its position in shares of Kraft Heinz by 5.5% in the first quarter. one8zero8 LLC now owns 7,964 shares of the company’s stock valued at $242,000 after buying an additional 414 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KHC. JPMorgan Chase & Co. started coverage on Kraft Heinz in a report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 target price on the stock. The Goldman Sachs Group upgraded shares of Kraft Heinz from a “sell” rating to a “neutral” rating and upped their price objective for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. Morgan Stanley set a $29.00 target price on shares of Kraft Heinz and gave the stock an “equal weight” rating in a report on Wednesday, September 3rd. Finally, DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.76.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the transaction, the director directly owned 40,000 shares of the company’s stock, valued at $1,116,400. The trade was a 38.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by company insiders.

Kraft Heinz Trading Down 0.8%

KHC stock opened at $26.07 on Friday. Kraft Heinz Company has a 52 week low of $25.35 and a 52 week high of $36.31. The company has a market capitalization of $30.86 billion, a PE ratio of -5.81, a price-to-earnings-growth ratio of 3.07 and a beta of 0.16. The company’s 50-day simple moving average is $27.08 and its 200 day simple moving average is $27.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, sell-side analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.1%. Kraft Heinz’s dividend payout ratio is currently -35.63%.

Kraft Heinz Profile

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.