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

Hudson Edge Investment Partners Inc. boosted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 10.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 285,939 shares of the company’s stock after purchasing an additional 26,466 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Kraft Heinz were worth $6,431,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jessup Wealth Management Inc purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at about $27,000. Reflection Asset Management purchased a new position in Kraft Heinz in the fourth quarter worth about $28,000. Key Capital Management INC purchased a new position in Kraft Heinz in the fourth quarter worth about $29,000. DV Equities LLC bought a new stake in Kraft Heinz during the fourth quarter worth approximately $29,000. Finally, New England Capital Financial Advisors LLC increased its stake in Kraft Heinz by 70.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after acquiring an additional 511 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on KHC. JPMorgan Chase & Co. lowered their price objective on Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, March 25th. Wall Street Zen raised Kraft Heinz from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen decreased their price target on Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. BNP Paribas Exane raised their price target on Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Finally, Morgan Stanley set a $22.00 price objective on shares of Kraft Heinz in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Kraft Heinz has a consensus rating of “Reduce” and an average price target of $22.88.

Insiders Place Their Bets

In other news, insider Diana Frost sold 18,502 shares of Kraft Heinz 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 completion of the sale, the insider directly owned 102,667 shares in the company, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $25.37 on Friday. Kraft Heinz Company has a 1 year low of $21.03 and a 1 year high of $29.19. The firm has a 50-day simple moving average of $23.39 and a two-hundred day simple moving average of $23.46. The company has a market cap of $30.08 billion, a P/E ratio of -5.22 and a beta of 0.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Research analysts anticipate that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given 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 dividend payout ratio is -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.