Hudson Edge Investment Partners Inc. Has $5.71 Million Stock Holdings in Kraft Heinz Company $KHC

Hudson Edge Investment Partners Inc. increased its position in Kraft Heinz Company (NASDAQ:KHC) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 221,291 shares of the company’s stock after purchasing an additional 5,157 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Kraft Heinz were worth $5,714,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Kraft Heinz by 12.7% in the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock valued at $3,103,277,000 after purchasing an additional 11,472,071 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Kraft Heinz by 4,390.7% in the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock valued at $226,523,000 after buying an additional 7,278,295 shares during the period. Nuveen LLC acquired a new position in Kraft Heinz in the first quarter valued at approximately $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Kraft Heinz by 22.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company’s stock valued at $318,933,000 after acquiring an additional 1,895,722 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Kraft Heinz by 24.1% during the 1st quarter. Deutsche Bank AG now owns 6,460,347 shares of the company’s stock worth $196,588,000 after acquiring an additional 1,255,022 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction on Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the transaction, the director owned 40,000 shares in the company, valued at approximately $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.35% of the company’s stock.

Kraft Heinz Stock Down 0.8%

Shares of KHC stock opened at $26.07 on Friday. Kraft Heinz Company has a 12-month low of $25.35 and a 12-month high of $36.31. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $27.08 and a 200-day moving average of $27.61. The company has a market capitalization of $30.86 billion, a price-to-earnings ratio of -5.81, a P/E/G ratio of 3.07 and a beta of 0.16.

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, topping analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.Kraft Heinz’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, equities research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

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

Analyst Upgrades and Downgrades

KHC has been the topic of a number of analyst reports. JPMorgan Chase & Co. began coverage on Kraft Heinz in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 price target on the stock. DZ Bank upgraded Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Wells Fargo & Company decreased their target price on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 3rd. The Goldman Sachs Group upgraded shares of Kraft Heinz from a “sell” rating to a “neutral” rating and increased their price target for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. Finally, Morgan Stanley set a $29.00 price objective on shares of Kraft Heinz and gave the company an “equal weight” rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.76.

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.